Picton Mahoney Asset Management Sells 60,133 Shares of SharkNinja, Inc. (NYSE:SN)

Picton Mahoney Asset Management reduced its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,290 shares of the company's stock after selling 60,133 shares during the quarter. Picton Mahoney Asset Management's holdings in SharkNinja were worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SN. FMR LLC raised its stake in SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company's stock valued at $1,120,543,000 after purchasing an additional 3,321,684 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of SharkNinja by 42.9% during the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after acquiring an additional 2,155,136 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of SharkNinja during the third quarter worth approximately $114,878,000. Baillie Gifford & Co. raised its stake in shares of SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after acquiring an additional 604,559 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of SharkNinja during the fourth quarter worth approximately $37,187,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SN. Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Morgan Stanley lifted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.50.

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SharkNinja Trading Down 1.2 %

Shares of NYSE SN traded down $1.11 during mid-day trading on Thursday, hitting $89.15. The stock had a trading volume of 1,615,464 shares, compared to its average volume of 1,238,356. The firm has a market cap of $12.47 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The business has a 50 day moving average price of $104.43 and a two-hundred day moving average price of $102.72. SharkNinja, Inc. has a 1 year low of $58.30 and a 1 year high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. On average, equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.