Legacy Capital Group California Inc. Sells 121 Shares of SharkNinja, Inc. (NYSE:SN)

Legacy Capital Group California Inc. lessened its holdings in SharkNinja, Inc. (NYSE:SN) by 2.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 5,451 shares of the company’s stock after selling 121 shares during the quarter. Legacy Capital Group California Inc.’s holdings in SharkNinja were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Forum Financial Management LP raised its holdings in shares of SharkNinja by 5.3% in the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company’s stock worth $240,000 after purchasing an additional 144 shares during the period. Voya Investment Management LLC grew its holdings in SharkNinja by 1.2% during the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company’s stock valued at $1,282,000 after purchasing an additional 154 shares during the period. GAMMA Investing LLC increased its position in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after buying an additional 155 shares during the last quarter. Treasurer of the State of North Carolina increased its position in SharkNinja by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company’s stock worth $2,833,000 after buying an additional 180 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of SharkNinja by 5.4% in the first quarter. Xponance Inc. now owns 4,273 shares of the company’s stock valued at $356,000 after buying an additional 220 shares during the period. 34.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SN has been the subject of several research reports. Oppenheimer increased their price target on SharkNinja from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. The Goldman Sachs Group increased their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Guggenheim dropped their price target on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average price target of $129.13.

SharkNinja Trading Down 1.3%

Shares of SN opened at $113.90 on Thursday. The business’s 50-day moving average price is $102.61 and its 200-day moving average price is $96.49. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The stock has a market cap of $16.06 billion, a PE ratio of 36.04, a P/E/G ratio of 2.23 and a beta of 1.69. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.73 by $0.14. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.17 billion. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. SharkNinja’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. On average, equities analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.