Versor Investments LP trimmed its holdings in SharkNinja, Inc. (NYSE:SN – Free Report) by 84.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,905 shares of the company’s stock after selling 16,016 shares during the quarter. Versor Investments LP’s holdings in SharkNinja were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allworth Financial LP lifted its stake in shares of SharkNinja by 5.2% in the 3rd quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock valued at $200,000 after purchasing an additional 96 shares during the period. GAMMA Investing LLC lifted its stake in shares of SharkNinja by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after purchasing an additional 110 shares during the period. Larson Financial Group LLC increased its position in SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. NBC Securities Inc. increased its position in SharkNinja by 0.9% in the 4th quarter. NBC Securities Inc. now owns 15,625 shares of the company’s stock valued at $1,748,000 after buying an additional 146 shares in the last quarter. Finally, Keybank National Association OH increased its position in SharkNinja by 3.6% in the 3rd quarter. Keybank National Association OH now owns 5,470 shares of the company’s stock valued at $564,000 after buying an additional 188 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.
SharkNinja Trading Down 0.9%
NYSE SN opened at $105.74 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $109.83 and a 200-day moving average price of $110.66. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.43 and a beta of 1.37. SharkNinja, Inc. has a 52 week low of $80.69 and a 52 week high of $133.99.
Wall Street Analysts Forecast Growth
SN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. Bank of America boosted their price objective on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group boosted their price objective on SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a report on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $150.00.
View Our Latest Research Report on SN
Insider Buying and Selling
In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. The trade was a 79.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.12% of the company’s stock.
SharkNinja Company Profile
SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.
Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.
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