IFP Advisors Inc Sells 498 Shares of SharkNinja, Inc. (NYSE:SN)

IFP Advisors Inc lessened its position in shares of SharkNinja, Inc. (NYSE:SN) by 47.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 553 shares of the company’s stock after selling 498 shares during the quarter. IFP Advisors Inc’s holdings in SharkNinja were worth $54,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp lifted its holdings in SharkNinja by 17.8% during the third quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after purchasing an additional 101,020 shares in the last quarter. Tidal Investments LLC raised its holdings in SharkNinja by 38.7% during the third quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock valued at $2,109,000 after acquiring an additional 5,416 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of SharkNinja during the third quarter worth about $5,832,000. Robeco Institutional Asset Management B.V. bought a new stake in SharkNinja during the 3rd quarter valued at approximately $11,942,000. Finally, Advisors Asset Management Inc. grew its holdings in SharkNinja by 50.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,817 shares of the company’s stock valued at $2,154,000 after buying an additional 6,662 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SN. Morgan Stanley raised their target price on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja Stock Performance

SN stock opened at $90.89 on Friday. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 29.22, a PEG ratio of 2.35 and a beta of 1.13. SharkNinja, Inc. has a twelve month low of $54.54 and a twelve month high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $106.26 and its two-hundred day simple moving average is $102.77.

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

About SharkNinja

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.