Invesco Ltd. Lowers Position in SharkNinja, Inc. (NYSE:SN)

Invesco Ltd. trimmed its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 23.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 471,552 shares of the company's stock after selling 146,044 shares during the period. Invesco Ltd. owned approximately 0.34% of SharkNinja worth $45,910,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in SharkNinja in the 4th quarter valued at $55,000. SG Americas Securities LLC bought a new position in SharkNinja in the 4th quarter worth about $171,000. World Investment Advisors LLC purchased a new position in SharkNinja during the 3rd quarter worth $244,000. The Manufacturers Life Insurance Company bought a new stake in shares of SharkNinja in the third quarter valued at about $271,000. Finally, Capital CS Group LLC bought a new position in shares of SharkNinja during the fourth quarter valued at approximately $314,000. Institutional investors own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Canaccord Genuity Group lifted their target price on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group raised their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $119.28.

SharkNinja Trading Up 0.8 %

NYSE SN traded up $0.59 on Friday, reaching $74.25. The stock had a trading volume of 1,342,375 shares, compared to its average volume of 1,392,057. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The stock has a fifty day moving average price of $89.53 and a two-hundred day moving average price of $98.85. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.35 and a beta of 1.65. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, sell-side analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.