Victory Capital Management Inc. Sells 890 Shares of SharkNinja, Inc. (NYSE:SN)

Victory Capital Management Inc. lowered its position in SharkNinja, Inc. (NYSE:SN) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,790 shares of the company’s stock after selling 890 shares during the quarter. Victory Capital Management Inc.’s holdings in SharkNinja were worth $399,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SN. Russell Investments Group Ltd. boosted its stake in SharkNinja by 36.6% in the fourth quarter. Russell Investments Group Ltd. now owns 310,395 shares of the company’s stock worth $15,976,000 after buying an additional 83,133 shares in the last quarter. New York State Common Retirement Fund purchased a new position in shares of SharkNinja during the fourth quarter valued at about $2,925,000. Moody Aldrich Partners LLC raised its stake in SharkNinja by 9.3% in the fourth quarter. Moody Aldrich Partners LLC now owns 145,362 shares of the company’s stock worth $7,438,000 after buying an additional 12,360 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in SharkNinja during the 4th quarter valued at approximately $772,000. Finally, OPTIMAS CAPITAL Ltd purchased a new position in shares of SharkNinja during the 4th quarter worth approximately $875,000. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SN shares. Morgan Stanley lifted their price target on SharkNinja from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $74.00 to $83.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Canaccord Genuity Group raised their price objective on SharkNinja from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Guggenheim began coverage on SharkNinja in a report on Monday, February 5th. They issued a “buy” rating and a $60.00 target price on the stock. Finally, JPMorgan Chase & Co. initiated coverage on SharkNinja in a report on Thursday, April 4th. They set an “overweight” rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and an average price target of 74.56.

SharkNinja Price Performance

NYSE SN opened at 76.88 on Friday. SharkNinja, Inc. has a one year low of 25.84 and a one year high of 78.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.92. The company has a market capitalization of $10.75 billion and a price-to-earnings ratio of 56.95. The stock has a 50-day moving average of 65.38 and a 200 day moving average of 55.30.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, May 9th. The company reported 1.06 EPS for the quarter, topping analysts’ consensus estimates of 0.95 by 0.11. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The firm had revenue of 1.07 billion for the quarter, compared to the consensus estimate of 949.88 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company’s revenue was up 24.7% compared to the same quarter last year. On average, sell-side analysts forecast that SharkNinja, Inc. will post 3.82 EPS 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.