HighTower Advisors LLC Sells 472,740 Shares of SharkNinja, Inc. (NYSE:SN)

HighTower Advisors LLC lessened its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 8.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,024,620 shares of the company's stock after selling 472,740 shares during the period. SharkNinja comprises approximately 0.8% of HighTower Advisors LLC's investment portfolio, making the stock its 14th largest holding. HighTower Advisors LLC owned 3.59% of SharkNinja worth $546,221,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SN. Signaturefd LLC raised its holdings in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management bought a new stake in SharkNinja in the third quarter valued at approximately $54,000. Waldron Private Wealth LLC bought a new stake in SharkNinja in the third quarter valued at approximately $65,000. Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja in the second quarter valued at approximately $70,000. Finally, Kessler Investment Group LLC bought a new position in shares of SharkNinja during the 2nd quarter worth approximately $125,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SN. Morgan Stanley upped their price objective on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their price target on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Canaccord Genuity Group raised their target price on shares of SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Oppenheimer started coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.39.

SharkNinja Price Performance

Shares of SharkNinja stock traded up $0.54 during midday trading on Tuesday, hitting $98.87. 624,355 shares of the company traded hands, compared to its average volume of 1,210,716. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 1.62 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The firm's fifty day moving average price is $103.78 and its 200-day moving average price is $89.77. SharkNinja, Inc. has a 12 month low of $45.70 and a 12 month high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business earned $0.95 earnings per share. The company's revenue for the quarter was up 33.3% compared to the same quarter last year. As a group, sell-side analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

SharkNinja Company Profile

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.