Landscape Capital Management L.L.C. Sells 12,222 Shares of SharkNinja, Inc. (NYSE:SN)

Landscape Capital Management L.L.C. lowered its stake in shares of SharkNinja, Inc. (NYSE:SN) by 14.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,922 shares of the company’s stock after selling 12,222 shares during the period. SharkNinja makes up 0.8% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 12th biggest position. Landscape Capital Management L.L.C. owned approximately 0.05% of SharkNinja worth $8,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after acquiring an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of SharkNinja during the 3rd quarter valued at about $54,000. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja in the 3rd quarter valued at approximately $65,000. Picton Mahoney Asset Management bought a new stake in SharkNinja during the 2nd quarter worth approximately $70,000. Finally, Kessler Investment Group LLC acquired a new stake in SharkNinja during the 2nd quarter worth approximately $125,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SN shares. Jefferies Financial Group upped their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Bank of America upped their target price 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. Morgan Stanley lifted their price target on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Guggenheim upped their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Oppenheimer assumed coverage on SharkNinja in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.85.

SharkNinja Price Performance

Shares of NYSE:SN opened at $95.25 on Thursday. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $13.33 billion, a PE ratio of 37.35, a PEG ratio of 1.63 and a beta of 1.04. The firm has a 50 day moving average of $104.43 and a 200-day moving average of $88.16. SharkNinja, Inc. has a 12 month low of $45.22 and a 12 month high of $112.93.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis. On average, equities research analysts predict that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

SharkNinja Company 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.