Oppenheimer Asset Management Inc. Sells 1,008 Shares of SharkNinja, Inc. (NYSE:SN)

Oppenheimer Asset Management Inc. trimmed its stake in shares of SharkNinja, Inc. (NYSE:SN) by 16.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,170 shares of the company’s stock after selling 1,008 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SharkNinja were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parallel Advisors LLC acquired a new position in shares of SharkNinja in the fourth quarter valued at approximately $37,000. Picton Mahoney Asset Management acquired a new position in SharkNinja in the 2nd quarter valued at $70,000. Headlands Technologies LLC bought a new position in SharkNinja during the 1st quarter worth $66,000. Kessler Investment Group LLC acquired a new stake in shares of SharkNinja during the second quarter worth $125,000. Finally, Essex LLC bought a new stake in shares of SharkNinja in the first quarter valued at about $204,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on SN shares. Bank of America lifted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. China Renaissance assumed coverage on shares of SharkNinja in a research report on Wednesday, May 29th. They issued a “buy” rating for the company. Canaccord Genuity Group increased their price target on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their target price on SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, The Goldman Sachs Group raised their price target on SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.81.

SharkNinja Price Performance

Shares of SN stock opened at $105.77 on Friday. The business has a fifty day simple moving average of $87.18 and a 200 day simple moving average of $75.19. The company has a market cap of $14.80 billion, a P/E ratio of 78.35, a P/E/G ratio of 1.52 and a beta of 0.76. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. SharkNinja, Inc. has a twelve month low of $38.69 and a twelve month high of $108.68.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. On average, sell-side analysts forecast that SharkNinja, Inc. will post 3.89 EPS 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.