BRIGHT VALLEY CAPITAL Ltd Sells 61,500 Shares of SharkNinja, Inc. (NYSE:SN)

BRIGHT VALLEY CAPITAL Ltd cut its holdings in SharkNinja, Inc. (NYSE:SN) by 81.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,000 shares of the company’s stock after selling 61,500 shares during the period. SharkNinja accounts for 1.2% of BRIGHT VALLEY CAPITAL Ltd’s portfolio, making the stock its 11th largest holding. BRIGHT VALLEY CAPITAL Ltd’s holdings in SharkNinja were worth $1,052,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SN. Parallel Advisors LLC purchased a new position in SharkNinja during the fourth quarter valued at $37,000. Armistice Capital LLC grew its stake in SharkNinja by 69.7% during the fourth quarter. Armistice Capital LLC now owns 555,012 shares of the company’s stock valued at $28,400,000 after acquiring an additional 228,012 shares in the last quarter. Seven Eight Capital LP purchased a new position in SharkNinja during the fourth quarter valued at $564,000. Ghisallo Capital Management LLC purchased a new position in SharkNinja during the fourth quarter valued at $2,661,000. Finally, Verition Fund Management LLC purchased a new position in SharkNinja during the fourth quarter valued at $5,375,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Up 2.5 %

SN opened at $108.68 on Tuesday. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 80.50, a PEG ratio of 1.56 and a beta of 0.76. The company has a fifty day moving average of $91.25 and a two-hundred day moving average of $77.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. SharkNinja, Inc. has a fifty-two week low of $38.69 and a fifty-two week high of $108.99.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group raised their target price on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Bank of America increased their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.69.

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.