Oppenheimer Asset Management Inc. Sells 1,008 Shares of SharkNinja, Inc. (NYSE:SN)

Oppenheimer Asset Management Inc. decreased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 16.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,170 shares of the company’s stock after selling 1,008 shares during the period. Oppenheimer Asset Management Inc.’s holdings in SharkNinja were worth $389,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SN. Charles Schwab Investment Management Inc. increased its stake in shares of SharkNinja by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 261,181 shares of the company’s stock valued at $13,365,000 after acquiring an additional 7,710 shares during the last quarter. Norges Bank acquired a new stake in SharkNinja in the fourth quarter worth $30,841,000. Artisan Partners Limited Partnership bought a new position in shares of SharkNinja during the fourth quarter worth $15,761,000. Parallel Advisors LLC acquired a new position in shares of SharkNinja in the 4th quarter valued at $37,000. Finally, 1492 Capital Management LLC increased its position in shares of SharkNinja by 16.0% in the 4th quarter. 1492 Capital Management LLC now owns 15,884 shares of the company’s stock valued at $813,000 after buying an additional 2,193 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Trading Down 1.0 %

Shares of SharkNinja stock opened at $105.77 on Friday. The stock has a market cap of $14.80 billion, a P/E ratio of 78.35, a P/E/G ratio of 1.52 and a beta of 0.76. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. SharkNinja, Inc. has a 12-month low of $38.69 and a 12-month high of $108.68. The business’s 50 day moving average is $87.18 and its 200-day moving average is $75.19.

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

Analyst Upgrades and Downgrades

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