Lazard Asset Management LLC Trims Stock Position in SharkNinja, Inc. (NYSE:SN)

Lazard Asset Management LLC decreased its position in SharkNinja, Inc. (NYSE:SN) by 8.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,605 shares of the company’s stock after selling 6,908 shares during the period. Lazard Asset Management LLC owned 0.05% of SharkNinja worth $4,460,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SN. SG Americas Securities LLC raised its stake in SharkNinja by 9.4% in the first quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock worth $275,000 after buying an additional 380 shares in the last quarter. Parallel Advisors LLC purchased a new position in SharkNinja in the fourth quarter valued at about $37,000. Headlands Technologies LLC bought a new position in SharkNinja in the first quarter worth about $66,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of SharkNinja during the first quarter valued at about $77,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of SharkNinja in the 4th quarter worth approximately $97,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

NYSE SN traded up 1.76 during mid-day trading on Monday, reaching 75.50. 64,939 shares of the stock were exchanged, compared to its average volume of 1,024,691. The company has a market capitalization of $10.57 billion and a P/E ratio of 54.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.92. The business’s 50 day moving average is 75.47 and its 200-day moving average is 64.09. SharkNinja, Inc. has a 1 year low of 25.84 and a 1 year high of 80.81.

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SN shares. The Goldman Sachs Group raised their target price on shares of SharkNinja from $74.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 13th. China Renaissance started coverage on SharkNinja in a report on Wednesday, May 29th. They issued a “buy” rating for the company. Morgan Stanley lifted their price target on SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. UBS Group raised their price objective on SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Canaccord Genuity Group increased their price target on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of 75.56.

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.