Walleye Capital LLC Sells 92,368 Shares of SharkNinja, Inc. (NYSE:SN)

Walleye Capital LLC reduced its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 80.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,919 shares of the company's stock after selling 92,368 shares during the period. Walleye Capital LLC's holdings in SharkNinja were worth $2,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC increased its position in shares of SharkNinja by 38.7% during the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock worth $2,109,000 after acquiring an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in SharkNinja in the 3rd quarter valued at about $5,832,000. Harbor Capital Advisors Inc. increased its stake in SharkNinja by 30.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock valued at $11,430,000 after buying an additional 27,436 shares during the last quarter. Cannell & Spears LLC purchased a new stake in SharkNinja in the 4th quarter valued at about $18,125,000. Finally, Janney Montgomery Scott LLC increased its stake in SharkNinja by 112.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock valued at $1,066,000 after buying an additional 5,790 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Price Performance

NYSE:SN traded up $2.46 during trading hours on Thursday, hitting $79.72. The stock had a trading volume of 413,717 shares, compared to its average volume of 1,634,103. The company has a 50 day simple moving average of $87.30 and a two-hundred day simple moving average of $98.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 2.35 and a beta of 1.65.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group raised 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 raised 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, The Goldman Sachs Group decreased their price target on shares of SharkNinja from $133.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $116.72.

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.