Nicholas Investment Partners LP lowered its position in shares of SharkNinja, Inc. (NYSE:SN – Free Report) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,560 shares of the company’s stock after selling 4,328 shares during the period. Nicholas Investment Partners LP’s holdings in SharkNinja were worth $1,182,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Allworth Financial LP grew its stake in SharkNinja by 5.2% during the third quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock valued at $200,000 after acquiring an additional 96 shares in the last quarter. Xponance LLC grew its stake in SharkNinja by 1.9% during the fourth quarter. Xponance LLC now owns 5,584 shares of the company’s stock valued at $625,000 after acquiring an additional 106 shares in the last quarter. GAMMA Investing LLC grew its stake in SharkNinja by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after acquiring an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in SharkNinja by 16.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $97,000 after acquiring an additional 123 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.
SharkNinja Stock Performance
Shares of SN stock opened at $133.73 on Friday. SharkNinja, Inc. has a one year low of $80.69 and a one year high of $138.00. The company’s 50-day moving average is $115.27 and its 200 day moving average is $114.78. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.
Analysts Set New Price Targets
Several equities analysts recently commented on SN shares. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. National Bank Financial set a $145.00 price objective on shares of SharkNinja in a report on Tuesday, March 17th. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Piper Sandler assumed coverage on shares of SharkNinja in a report on Tuesday. They set an “overweight” rating and a $150.00 price target for the company. Finally, Canaccord Genuity Group upped their price objective on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.
Read Our Latest Stock Report on SharkNinja
Insider Activity
In other news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the sale, the chief financial officer owned 1,750 shares of the company’s stock, valued at $197,697.50. This trade represents a 79.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 40.80% of the stock is currently owned by insiders.
SharkNinja Company Profile
SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.
Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.
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