GSA Capital Partners LLP Has $896,000 Stake in SharkNinja, Inc. (NYSE:SN)

GSA Capital Partners LLP reduced its holdings in SharkNinja, Inc. (NYSE:SN) by 83.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,242 shares of the company’s stock after selling 42,940 shares during the quarter. GSA Capital Partners LLP’s holdings in SharkNinja were worth $896,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SN. abrdn plc raised its holdings in SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock worth $45,621,000 after buying an additional 63,299 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of SharkNinja during the third quarter worth $11,942,000. Harbor Capital Advisors Inc. increased its position in shares of SharkNinja by 1,218.0% during the third quarter. Harbor Capital Advisors Inc. now owns 89,967 shares of the company’s stock worth $9,780,000 after acquiring an additional 83,141 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of SharkNinja during the third quarter worth $23,874,000. Finally, NBC Securities Inc. raised its holdings in shares of SharkNinja by 4,000.0% during the third quarter. NBC Securities Inc. now owns 6,150 shares of the company’s stock worth $668,000 after acquiring an additional 6,000 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Down 0.4 %

SN opened at $100.88 on Friday. The stock has a fifty day moving average of $104.40 and a 200-day moving average of $87.47. The company has a market capitalization of $14.12 billion, a P/E ratio of 39.56, a P/E/G ratio of 1.69 and a beta of 1.04. SharkNinja, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $112.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The business’s revenue was up 33.3% on a year-over-year basis. On average, equities analysts expect that SharkNinja, Inc. will post 3.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SN shares. The Goldman Sachs Group upped their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. dropped their target price on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Morgan Stanley increased their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Oppenheimer assumed coverage on SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company. Finally, Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and an average target price of $110.85.

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.