SharkNinja, Inc. (NYSE:SN) Shares Sold by Walleye Capital LLC

Walleye Capital LLC reduced its position in shares of SharkNinja, Inc. (NYSE:SN) by 80.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,919 shares of the company’s stock after selling 92,368 shares during the period. Walleye Capital LLC’s holdings in SharkNinja were worth $2,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd bought a new stake in shares of SharkNinja in the 4th quarter worth about $55,000. Covestor Ltd lifted its stake in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after buying an additional 475 shares during the last quarter. SG Americas Securities LLC acquired a new position in SharkNinja during the 4th quarter valued at about $171,000. World Investment Advisors LLC acquired a new position in shares of SharkNinja during the third quarter worth approximately $244,000. Finally, F M Investments LLC acquired a new position in SharkNinja during the 4th quarter worth $245,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on SN shares. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley upped their target price on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their target price on SharkNinja from $139.00 to $98.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $119.28.

SharkNinja Stock Performance

SharkNinja stock opened at $74.25 on Friday. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. 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 company has a market cap of $10.42 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The firm’s 50 day simple moving average is $89.53 and its 200-day simple moving average is $98.85.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, equities research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

About SharkNinja

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.