Thompson Davis & CO. Inc. Lowers Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Thompson Davis & CO. Inc. lowered its stake in shares of SharkNinja, Inc. (NYSE:SN) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,200 shares of the company’s stock after selling 200 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in SharkNinja were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SN. Signaturefd LLC grew its holdings in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after buying an additional 182 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of SharkNinja during the third quarter worth about $54,000. Safe Harbor Fiduciary LLC purchased a new position in shares of SharkNinja during the third quarter worth about $54,000. R Squared Ltd purchased a new position in shares of SharkNinja during the fourth quarter worth about $55,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of SharkNinja during the third quarter worth about $163,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

SN stock opened at $103.17 on Friday. The firm has a 50 day moving average of $105.77 and a 200-day moving average of $101.85. SharkNinja, Inc. has a 12-month low of $52.05 and a 12-month high of $123.00. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The company has a market cap of $14.44 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.35 and a beta of 1.13.

SharkNinja (NYSE:SN) last posted its quarterly 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). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, equities analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on SN. JPMorgan Chase & Co. raised their price target on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley raised their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group raised 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 analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $122.50.

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.