Mcmorgan & Co. LLC Sells 3,718 Shares of SharkNinja, Inc. (NYSE:SN)

Mcmorgan & Co. LLC lowered its stake in SharkNinja, Inc. (NYSE:SN) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,290 shares of the company’s stock after selling 3,718 shares during the quarter. SharkNinja makes up approximately 0.7% of Mcmorgan & Co. LLC’s investment portfolio, making the stock its 20th largest position. Mcmorgan & Co. LLC’s holdings in SharkNinja were worth $4,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parsifal Capital Management LP grew its position in shares of SharkNinja by 57.9% in the 4th quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock valued at $162,304,000 after acquiring an additional 1,163,185 shares during the period. William Blair Investment Management LLC acquired a new stake in SharkNinja in the 2nd quarter valued at about $190,482,000. Thrivent Financial for Lutherans grew its holdings in SharkNinja by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock worth $127,450,000 after purchasing an additional 380,926 shares during the period. Wolf Hill Capital Management LP increased its position in SharkNinja by 4.1% during the first quarter. Wolf Hill Capital Management LP now owns 1,405,343 shares of the company’s stock worth $87,539,000 after buying an additional 55,974 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in SharkNinja in the first quarter valued at approximately $62,309,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Down 0.4 %

Shares of NYSE:SN opened at $105.94 on Thursday. The business’s 50 day simple moving average is $89.14 and its 200 day simple moving average is $76.24. SharkNinja, Inc. has a 1 year low of $38.69 and a 1 year high of $108.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The company has a market capitalization of $14.83 billion, a P/E ratio of 78.47, a P/E/G ratio of 1.53 and a beta of 0.76.

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

Wall Street Analysts Forecast Growth

SN has been the topic of a number of recent analyst reports. Bank of America boosted their target price on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. raised their target price on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. China Renaissance started coverage on shares of SharkNinja in a research note on Wednesday, May 29th. They issued a “buy” rating on the stock. Finally, Canaccord Genuity Group raised their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and a consensus price target of $83.81.

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.