Interval Partners LP Lowers Holdings in SharkNinja, Inc. (NYSE:SN)

Interval Partners LP decreased its holdings in SharkNinja, Inc. (NYSE:SN) by 63.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,802 shares of the company’s stock after selling 317,094 shares during the period. Interval Partners LP owned 0.13% of SharkNinja worth $13,888,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SN. Xponance Inc. bought a new stake in SharkNinja in the 2nd quarter valued at $280,000. Magnetar Financial LLC purchased a new position in shares of SharkNinja during the second quarter valued at about $233,000. Hood River Capital Management LLC increased its holdings in shares of SharkNinja by 16.0% in the second quarter. Hood River Capital Management LLC now owns 713,146 shares of the company’s stock worth $53,593,000 after purchasing an additional 98,440 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of SharkNinja by 29.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock worth $127,450,000 after purchasing an additional 380,926 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of SharkNinja in the second quarter worth about $1,484,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

SN stock opened at $105.77 on Monday. The stock has a market cap of $14.80 billion, a PE ratio of 78.35, a P/E/G ratio of 1.52 and a beta of 0.76. SharkNinja, Inc. has a 12 month low of $38.69 and a 12 month high of $108.68. The company has a 50-day moving average price of $87.18 and a 200 day moving average price of $75.33. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.14. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. Equities research analysts anticipate that SharkNinja, Inc. will post 3.89 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, August 12th. China Renaissance began coverage on shares of SharkNinja in a research report on Wednesday, May 29th. They set a “buy” rating on the stock. Bank of America increased their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. boosted their price objective on SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Canaccord Genuity Group upped their price objective on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of $83.81.

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.