Landscape Capital Management L.L.C. reduced its stake in shares of SharkNinja, Inc. (NYSE:SN – Free Report) by 14.0% in the 3rd quarter, Holdings Channel reports. The firm owned 74,922 shares of the company’s stock after selling 12,222 shares during the quarter. SharkNinja accounts for 0.8% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 12th largest holding. Landscape Capital Management L.L.C.’s holdings in SharkNinja were worth $8,145,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its stake in shares of SharkNinja by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after purchasing an additional 139 shares during the last quarter. Signaturefd LLC lifted its holdings in SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares during the period. Hollencrest Capital Management bought a new stake in SharkNinja during the third quarter valued at $54,000. Waldron Private Wealth LLC acquired a new stake in SharkNinja during the 3rd quarter worth about $65,000. Finally, Picton Mahoney Asset Management bought a new position in shares of SharkNinja in the 2nd quarter worth about $70,000. 34.77% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
SN has been the subject of several recent analyst reports. Bank of America raised their target price on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Jefferies Financial Group raised their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Morgan Stanley raised their price objective on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity Group increased their price target on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.85.
SharkNinja Price Performance
SN stock opened at $95.25 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The firm’s fifty day moving average is $104.43 and its 200 day moving average is $88.16. The firm has a market cap of $13.33 billion, a P/E ratio of 37.35, a P/E/G ratio of 1.63 and a beta of 1.04. SharkNinja, Inc. has a 52 week low of $45.22 and a 52 week high of $112.93.
SharkNinja (NYSE:SN – Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The business’s revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 earnings per share. Research analysts predict that SharkNinja, Inc. will post 3.88 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.
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