Walter Public Investments Inc. Sells 4,527 Shares of SharkNinja, Inc. $SN

Walter Public Investments Inc. lessened its stake in shares of SharkNinja, Inc. (NYSE:SN) by 17.6% during the 3rd quarter, Holdings Channel reports. The fund owned 21,167 shares of the company’s stock after selling 4,527 shares during the period. Walter Public Investments Inc.’s holdings in SharkNinja were worth $3,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SN. Richardson Financial Services Inc. increased its holdings in shares of SharkNinja by 36.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 199 shares of the company’s stock valued at $36,000 after acquiring an additional 53 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in shares of SharkNinja by 4.9% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,576 shares of the company’s stock worth $284,000 after acquiring an additional 74 shares in the last quarter. North Dakota State Investment Board lifted its stake in shares of SharkNinja by 3.5% during the 3rd quarter. North Dakota State Investment Board now owns 2,563 shares of the company’s stock worth $462,000 after purchasing an additional 87 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of SharkNinja by 108.2% during the 3rd quarter. IFP Advisors Inc now owns 177 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of SharkNinja by 22.6% during the 3rd quarter. Signaturefd LLC now owns 635 shares of the company’s stock worth $114,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

NYSE SN opened at $227.07 on Thursday. The firm’s fifty day simple moving average is $188.53 and its two-hundred day simple moving average is $146.58. The firm has a market capitalization of $32.00 billion, a P/E ratio of 38.10, a P/E/G ratio of 2.48 and a beta of 1.21. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. SharkNinja, Inc. has a 12-month low of $83.21 and a 12-month high of $232.76.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.90 by $0.44. SharkNinja had a return on equity of 28.84% and a net margin of 11.64%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. Analysts forecast that SharkNinja, Inc. will post 5.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Neil Shah sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the transaction, the insider directly owned 497,220 shares in the company, valued at $92,661,919.20. The trade was a 9.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 40.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SN shares. William Blair reaffirmed an “outperform” rating on shares of SharkNinja in a research report on Wednesday, November 4th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler increased their price target on shares of SharkNinja from $200.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Guggenheim raised their price target on shares of SharkNinja from $210.00 to $250.00 and gave the company a “buy” rating in a report on Monday. Finally, Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Fourteen equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $211.39.

SharkNinja Profile

SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels. The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.