Lazard Asset Management LLC Has $4.46 Million Stake in SharkNinja, Inc. (NYSE:SN)

Lazard Asset Management LLC trimmed its position in SharkNinja, Inc. (NYSE:SN) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,605 shares of the company’s stock after selling 6,908 shares during the quarter. Lazard Asset Management LLC’s holdings in SharkNinja were worth $4,460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pinnacle Associates Ltd. grew its position in SharkNinja by 60.5% during the fourth quarter. Pinnacle Associates Ltd. now owns 11,615 shares of the company’s stock worth $594,000 after buying an additional 4,380 shares in the last quarter. OPTIMAS CAPITAL Ltd bought a new position in SharkNinja in the 4th quarter valued at about $875,000. DekaBank Deutsche Girozentrale acquired a new position in shares of SharkNinja in the 4th quarter valued at approximately $772,000. Moody Aldrich Partners LLC lifted its holdings in shares of SharkNinja by 9.3% during the 4th quarter. Moody Aldrich Partners LLC now owns 145,362 shares of the company’s stock worth $7,438,000 after acquiring an additional 12,360 shares during the period. Finally, New York State Common Retirement Fund bought a new position in SharkNinja in the fourth quarter valued at approximately $2,925,000. Institutional investors own 34.77% of the company’s stock.

Analyst Ratings Changes

SN has been the subject of several recent analyst reports. UBS Group upped their target price on SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. started coverage on shares of SharkNinja in a report on Thursday, April 4th. They set an “overweight” rating and a $70.00 price target on the stock. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Bank of America began coverage on shares of SharkNinja in a research report on Thursday, May 16th. They issued a “buy” rating and a $90.00 target price on the stock. Finally, China Renaissance began coverage on SharkNinja in a research note on Wednesday, May 29th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of 75.56.

SharkNinja Trading Up 2.4 %

SN stock traded up 1.76 during trading on Monday, hitting 75.50. The company had a trading volume of 64,939 shares, compared to its average volume of 1,024,691. The company has a current ratio of 1.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. SharkNinja, Inc. has a one year low of 25.84 and a one year high of 80.81. The business has a 50-day moving average of 75.47 and a 200-day moving average of 64.09. The stock has a market cap of $10.57 billion and a PE ratio of 54.62.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, May 9th. The company reported 1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.95 by 0.11. The business had revenue of 1.07 billion for the quarter, compared to analyst estimates of 949.88 million. SharkNinja had a net margin of 4.25% and a return on equity of 29.62%. SharkNinja’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. Research analysts predict that SharkNinja, Inc. will post 3.82 earnings per share for the current fiscal year.

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.