Peregrine Investment Management Inc. Sells 17,640 Shares of SharkNinja, Inc. (NYSE:SN)

Peregrine Investment Management Inc. cut its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 26.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,840 shares of the company’s stock after selling 17,640 shares during the quarter. SharkNinja makes up about 3.0% of Peregrine Investment Management Inc.’s investment portfolio, making the stock its 17th biggest position. Peregrine Investment Management Inc.’s holdings in SharkNinja were worth $3,990,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Voya Investment Management LLC lifted its holdings in shares of SharkNinja by 1.2% in the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company’s stock worth $1,282,000 after acquiring an additional 154 shares during the last quarter. GAMMA Investing LLC increased its position in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock valued at $30,000 after purchasing an additional 155 shares during the period. Treasurer of the State of North Carolina raised its stake 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 in the last quarter. Xponance Inc. raised its position in shares of SharkNinja by 5.4% in the 1st quarter. Xponance Inc. now owns 4,273 shares of the company’s stock worth $356,000 after acquiring an additional 220 shares in the last quarter. Finally, Zacks Investment Management raised its holdings in SharkNinja by 1.6% in the fourth quarter. Zacks Investment Management now owns 15,879 shares of the company’s stock worth $1,546,000 after purchasing an additional 257 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on SharkNinja from $139.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Morgan Stanley raised their price objective on SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. Oppenheimer lifted their price target on SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Guggenheim dropped their target price on SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, The Goldman Sachs Group boosted their price target on shares of SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of $121.50.

SharkNinja Trading Down 0.0%

Shares of SN opened at $111.15 on Friday. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The firm has a market capitalization of $15.68 billion, a P/E ratio of 35.17, a P/E/G ratio of 2.14 and a beta of 1.66. The firm has a 50-day moving average price of $94.99 and a 200 day moving average price of $94.74. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36.

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