Burney Co. Sells 1,124 Shares of SharkNinja, Inc. $SN

Burney Co. cut its holdings in SharkNinja, Inc. (NYSE:SN) by 15.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,047 shares of the company’s stock after selling 1,124 shares during the period. Burney Co.’s holdings in SharkNinja were worth $599,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SN. GAMMA Investing LLC lifted its stake 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 purchasing an additional 155 shares during the last quarter. Harbour Investments Inc. increased its position in shares of SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock valued at $34,000 after acquiring an additional 406 shares during the period. SVB Wealth LLC purchased a new position in shares of SharkNinja in the first quarter valued at about $36,000. New York State Teachers Retirement System purchased a new position in shares of SharkNinja in the second quarter valued at about $43,000. Finally, CWM LLC increased its position in shares of SharkNinja by 656.7% in the second quarter. CWM LLC now owns 787 shares of the company’s stock valued at $78,000 after acquiring an additional 683 shares during the period. 34.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

SN has been the topic of a number of analyst reports. Zacks Research cut shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Oppenheimer decreased their price objective on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Guggenheim reissued a “buy” rating on shares of SharkNinja in a research note on Friday, August 8th. Morgan Stanley set a $110.00 price target on shares of SharkNinja in a research note on Monday, October 27th. Finally, Canaccord Genuity Group increased their price target 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. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

SharkNinja Price Performance

Shares of SN opened at $86.39 on Thursday. The stock has a market cap of $12.19 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.61 and a beta of 1.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The firm’s 50-day simple moving average is $102.61 and its two-hundred day simple moving average is $101.55.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.19. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. Analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.