SharkNinja, Inc. (NYSE:SN) Short Interest Update

SharkNinja, Inc. (NYSE:SN) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 2,930,000 shares, a drop of 17.5% from the January 31st total of 3,550,000 shares. Based on an average daily trading volume, of 1,130,000 shares, the short-interest ratio is currently 2.6 days. Approximately 4.2% of the company’s shares are sold short.

SharkNinja Stock Up 1.7 %

SN stock traded up $1.59 during midday trading on Wednesday, reaching $96.04. 1,281,857 shares of the company’s stock traded hands, compared to its average volume of 1,164,032. SharkNinja has a 52 week low of $54.54 and a 52 week high of $123.00. The company has a market cap of $13.44 billion, a price-to-earnings ratio of 30.88, a P/E/G ratio of 2.35 and a beta of 1.13. The firm’s fifty day moving average price is $106.45 and its 200-day moving average price is $102.90. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, sell-side analysts forecast that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SN. State Street Corp raised its position in SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after buying an additional 101,020 shares during the last quarter. Tidal Investments LLC boosted its holdings in SharkNinja by 38.7% during the third quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after purchasing an additional 5,416 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in SharkNinja in the 3rd quarter valued at about $5,832,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of SharkNinja in the 3rd quarter worth approximately $11,942,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of SharkNinja by 50.6% in the third quarter. Advisors Asset Management Inc. now owns 19,817 shares of the company’s stock valued at $2,154,000 after acquiring an additional 6,662 shares in the last quarter. Institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SN shares. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley raised their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.50.

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.