Centiva Capital LP Sells 33,956 Shares of SharkNinja, Inc. (NYSE:SN)

Centiva Capital LP decreased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 83.9% during the fourth quarter, Holdings Channel reports. The firm owned 6,540 shares of the company’s stock after selling 33,956 shares during the quarter. Centiva Capital LP’s holdings in SharkNinja were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Apis Capital Advisors LLC lifted its holdings in shares of SharkNinja by 28.1% during the 4th quarter. Apis Capital Advisors LLC now owns 219,200 shares of the company’s stock valued at $21,341,000 after buying an additional 48,100 shares during the period. Alua Capital Management LP lifted its holdings in SharkNinja by 17.5% in the fourth quarter. Alua Capital Management LP now owns 1,042,489 shares of the company’s stock valued at $101,497,000 after acquiring an additional 155,605 shares during the period. Metavasi Capital LP purchased a new position in SharkNinja in the fourth quarter worth about $10,710,000. Palestra Capital Management LLC increased its position in shares of SharkNinja by 83.4% during the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock valued at $173,377,000 after purchasing an additional 809,960 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of SharkNinja by 126.8% in the 4th quarter. AQR Capital Management LLC now owns 101,823 shares of the company’s stock worth $9,812,000 after purchasing an additional 56,927 shares during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley upped their target price on shares of SharkNinja from $85.00 to $101.00 and gave the company an “equal weight” rating in a report on Friday. Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group upped their price target on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group lifted their price objective on SharkNinja from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Friday. Finally, Oppenheimer increased their target price on shares of SharkNinja from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.28.

SharkNinja Trading Up 0.7 %

SharkNinja stock opened at $92.25 on Friday. 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 firm’s 50 day moving average price is $81.92 and its 200-day moving average price is $96.04. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The stock has a market cap of $12.95 billion, a P/E ratio of 29.66, a PEG ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.73 by $0.14. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.06 EPS. On average, equities analysts predict 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.