Ameriprise Financial Inc. Sells 226,279 Shares of SharkNinja, Inc. (NYSE:SN)

Ameriprise Financial Inc. cut its stake in SharkNinja, Inc. (NYSE:SN) by 32.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 461,677 shares of the company’s stock after selling 226,279 shares during the period. Ameriprise Financial Inc.’s holdings in SharkNinja were worth $44,949,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SN. Quarry LP purchased a new stake in SharkNinja in the fourth quarter worth $47,000. R Squared Ltd purchased a new stake in SharkNinja in the fourth quarter worth $55,000. Covestor Ltd increased its stake in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock worth $63,000 after purchasing an additional 475 shares during the period. SG Americas Securities LLC purchased a new stake in SharkNinja in the fourth quarter worth $171,000. Finally, Altshuler Shaham Ltd purchased a new stake in SharkNinja in the fourth quarter worth $209,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Price Performance

Shares of SN stock opened at $92.25 on Monday. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. The stock’s 50-day moving average is $81.92 and its 200 day moving average is $95.87. The company has a market cap of $12.95 billion, a P/E ratio of 29.66, a PEG ratio of 2.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley increased their target price on SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Friday. Guggenheim cut their price target on SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday. Canaccord Genuity Group raised their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Oppenheimer raised their price target on SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday. Finally, The Goldman Sachs Group raised their price target on SharkNinja from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.50.

SharkNinja Company 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.