SharkNinja, Inc. (NYSE:SN) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management reduced its position in SharkNinja, Inc. (NYSE:SN) by 78.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,290 shares of the company’s stock after selling 60,133 shares during the quarter. Picton Mahoney Asset Management’s holdings in SharkNinja were worth $1,586,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja during the third quarter worth about $54,000. R Squared Ltd acquired a new position in shares of SharkNinja during the fourth quarter worth about $55,000. Northwest & Ethical Investments L.P. acquired a new position in shares of SharkNinja during the third quarter worth about $163,000. SG Americas Securities LLC acquired a new position in shares of SharkNinja during the fourth quarter worth about $171,000. Finally, First Dallas Securities Inc. acquired a new position in shares of SharkNinja during the third quarter worth about $215,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of NYSE SN opened at $88.20 on Friday. SharkNinja, Inc. has a twelve month low of $56.10 and a twelve month high of $123.00. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $105.24 and a two-hundred day moving average of $102.80. The stock has a market cap of $12.34 billion, a P/E ratio of 28.36, a P/E/G ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analysts Set New Price Targets

SN has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group upped their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley upped their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price target on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.50.

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.