Moody Aldrich Partners LLC Sells 2,777 Shares of SharkNinja, Inc. (NYSE:SN)

Moody Aldrich Partners LLC cut its holdings in SharkNinja, Inc. (NYSE:SN) by 35.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,150 shares of the company’s stock after selling 2,777 shares during the quarter. Moody Aldrich Partners LLC’s holdings in SharkNinja were worth $560,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SN. Waldron Private Wealth LLC bought a new position in SharkNinja in the 3rd quarter worth approximately $65,000. Signaturefd LLC lifted its stake in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after acquiring an additional 182 shares during the period. Fortis Group Advisors LLC boosted its holdings in SharkNinja by 11.4% in the third quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock valued at $1,043,000 after acquiring an additional 980 shares during the last quarter. Seven Grand Managers LLC increased its position in SharkNinja by 150.0% in the third quarter. Seven Grand Managers LLC now owns 125,000 shares of the company’s stock worth $13,589,000 after purchasing an additional 75,000 shares during the period. Finally, NBC Securities Inc. raised its holdings in SharkNinja by 4,000.0% during the 3rd quarter. NBC Securities Inc. now owns 6,150 shares of the company’s stock worth $668,000 after purchasing an additional 6,000 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Oppenheimer began coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company. Guggenheim increased their price target on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Bank of America lifted their price objective on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Jefferies Financial Group increased their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on SharkNinja from $97.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $105.25.

SharkNinja Stock Down 1.6 %

SharkNinja stock opened at $107.79 on Friday. The company has a 50 day moving average of $101.46 and a 200-day moving average of $82.93. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. SharkNinja, Inc. has a twelve month low of $38.69 and a twelve month high of $112.65. The stock has a market capitalization of $15.08 billion, a PE ratio of 61.95, a price-to-earnings-growth ratio of 1.91 and a beta of 0.77.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. On average, equities research analysts anticipate that SharkNinja, Inc. will post 3.89 EPS 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.