SharkNinja, Inc. $SN Shares Sold by Walter Public Investments Inc.

Walter Public Investments Inc. reduced its stake in shares of SharkNinja, Inc. (NYSE:SN) by 17.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,167 shares of the company’s stock after selling 4,527 shares during the quarter. Walter Public Investments Inc.’s holdings in SharkNinja were worth $3,813,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in SharkNinja in the 2nd quarter worth about $81,134,000. Renaissance Technologies LLC purchased a new stake in SharkNinja in the 1st quarter valued at about $28,709,000. Ranger Investment Management L.P. purchased a new stake in SharkNinja in the 2nd quarter valued at about $36,643,000. Wellington Management Group LLP boosted its position in SharkNinja by 228.7% in the 2nd quarter. Wellington Management Group LLP now owns 339,476 shares of the company’s stock valued at $51,692,000 after buying an additional 236,184 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in SharkNinja by 7,895.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 187,491 shares of the company’s stock worth $19,855,000 after acquiring an additional 185,146 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

Insider Activity at SharkNinja

In other news, insider Neil Shah sold 40,000 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $223.45, for a total value of $8,938,000.00. Following the completion of the sale, the insider owned 457,220 shares in the company, valued at approximately $102,165,809. The trade was a 8.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 40.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BTIG Research raised their target price on shares of SharkNinja from $245.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. UBS Group reiterated a “buy” rating and issued a $219.10 price target on shares of SharkNinja in a report on Wednesday, August 12th. William Blair reissued an “outperform” rating on shares of SharkNinja in a research note on Wednesday, November 4th. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Finally, TD Cowen raised their price objective on SharkNinja from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Fourteen research analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $211.39.

SharkNinja Stock Performance

SN stock opened at $227.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.04 and a quick ratio of 1.39. The business has a 50-day moving average price of $188.53 and a 200 day moving average price of $146.58. The company has a market capitalization of $32.00 billion, a P/E ratio of 38.10, a PEG ratio of 2.48 and a beta of 1.21. SharkNinja, Inc. has a 1-year low of $83.21 and a 1-year high of $232.76.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, November 4th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.44. SharkNinja had a net margin of 11.64% and a return on equity of 28.84%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm earned $1.50 earnings per share. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, equities research analysts forecast that SharkNinja, Inc. will post 5.93 EPS for the current fiscal year.

SharkNinja Company Profile

SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels. The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.