SharkNinja, Inc. (NYSE:SN) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lessened its stake in SharkNinja, Inc. (NYSE:SN) by 42.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,147 shares of the company’s stock after selling 30,358 shares during the quarter. Lazard Asset Management LLC’s holdings in SharkNinja were worth $4,006,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SN. Oak Thistle LLC acquired a new stake in shares of SharkNinja in the 4th quarter valued at about $353,000. Contravisory Investment Management Inc. acquired a new stake in SharkNinja during the fourth quarter worth about $8,170,000. Artemis Investment Management LLP raised its stake in SharkNinja by 74.2% during the fourth quarter. Artemis Investment Management LLP now owns 390,757 shares of the company’s stock worth $38,044,000 after acquiring an additional 166,392 shares during the period. Capricorn Fund Managers Ltd acquired a new stake in SharkNinja during the fourth quarter worth about $3,829,000. Finally, SG Americas Securities LLC acquired a new stake in SharkNinja during the fourth quarter worth about $171,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Trading Down 0.5%

Shares of NYSE:SN opened at $100.63 on Friday. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The company has a 50 day moving average price of $82.69 and a 200 day moving average price of $95.80.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $1.06 earnings per share. On average, research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SN shares. JPMorgan Chase & Co. dropped their price objective on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley increased their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Friday, May 9th. Oppenheimer increased their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Finally, Guggenheim dropped their price target on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.50.

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.