SharkNinja, Inc. (NYSE:SN) Shares Sold by PDT Partners LLC

PDT Partners LLC decreased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 18.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,653 shares of the company’s stock after selling 11,591 shares during the quarter. SharkNinja comprises 0.5% of PDT Partners LLC’s holdings, making the stock its 17th biggest position. PDT Partners LLC’s holdings in SharkNinja were worth $5,724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Signaturefd LLC raised its stake in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares during the last quarter. Hollencrest Capital Management purchased a new position in SharkNinja during the 3rd quarter worth approximately $54,000. Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja in the 3rd quarter valued at $65,000. Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja in the second quarter worth $70,000. Finally, Kessler Investment Group LLC purchased a new position in shares of SharkNinja during the second quarter worth $125,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SN. Morgan Stanley increased their price target on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Oppenheimer started coverage on SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. Canaccord Genuity Group boosted their price target on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Bank of America boosted their target price on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $116.39.

SharkNinja Price Performance

SharkNinja stock opened at $100.49 on Friday. The stock has a market capitalization of $14.06 billion, a P/E ratio of 39.41, a P/E/G ratio of 1.62 and a beta of 1.04. The company’s fifty day moving average price is $103.78 and its 200 day moving average price is $89.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja, Inc. has a 1 year low of $45.35 and a 1 year high of $112.93.

SharkNinja (NYSE:SN) last announced 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. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. As a group, equities research analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal 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.