Quantbot Technologies LP Has $5 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

Quantbot Technologies LP reduced its position in SharkNinja, Inc. (NYSE:SN) by 19.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 51,364 shares of the company’s stock after selling 12,529 shares during the period. Quantbot Technologies LP’s holdings in SharkNinja were worth $5,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its position in shares of SharkNinja by 47.5% in the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock worth $1,120,543,000 after purchasing an additional 3,321,684 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after purchasing an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock worth $275,270,000 after purchasing an additional 590,632 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock worth $236,603,000 after purchasing an additional 604,559 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of SharkNinja in the 3rd quarter worth $114,878,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

SN opened at $88.20 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The business’s 50-day moving average price is $105.24 and its two-hundred day moving average price is $102.71. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a 1 year low of $56.10 and a 1 year high of $123.00.

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

Analysts Set New Price Targets

SN has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their target price on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley lifted their target price on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group lifted their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja 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.