Trek Financial LLC Has $279,000 Position in SharkNinja, Inc. (NYSE:SN)

Trek Financial LLC cut its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 89.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,869 shares of the company's stock after selling 24,766 shares during the period. Trek Financial LLC's holdings in SharkNinja were worth $279,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after buying an additional 6,160,226 shares during the period. HighTower Advisors LLC boosted its stake in SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after purchasing an additional 2,155,136 shares during the period. William Blair Investment Management LLC boosted its stake in SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after purchasing an additional 590,632 shares during the period. Baillie Gifford & Co. increased its holdings in SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after purchasing an additional 604,559 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of SharkNinja by 24.3% in the 4th quarter. Federated Hermes Inc. now owns 1,138,014 shares of the company's stock valued at $110,783,000 after purchasing an additional 222,377 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Ratings Changes

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

SharkNinja Stock Performance

NYSE SN traded up $0.74 during trading on Friday, reaching $73.55. 2,038,811 shares of the company's stock were exchanged, compared to its average volume of 1,384,022. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The business has a 50 day moving average price of $93.27 and a 200-day moving average price of $99.90. The stock has a market capitalization of $10.32 billion, a P/E ratio of 23.65, a PEG ratio of 2.35 and a beta of 1.65. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results 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 business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

SharkNinja 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.