Okabena Investment Services Inc. Sells 3,776 Shares of SharkNinja, Inc. (NYSE:SN)

Okabena Investment Services Inc. lessened its stake in SharkNinja, Inc. (NYSE:SN) by 31.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,143 shares of the company’s stock after selling 3,776 shares during the quarter. Okabena Investment Services Inc.’s holdings in SharkNinja were worth $793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pertento Partners LLP lifted its stake in SharkNinja by 28.3% in the 4th quarter. Pertento Partners LLP now owns 583,232 shares of the company’s stock valued at $56,783,000 after acquiring an additional 128,696 shares in the last quarter. Premier Fund Managers Ltd acquired a new stake in shares of SharkNinja in the fourth quarter valued at about $785,000. Nomura Asset Management Co. Ltd. increased its position in shares of SharkNinja by 72.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 385,254 shares of the company’s stock valued at $37,508,000 after acquiring an additional 161,552 shares during the last quarter. Norges Bank acquired a new position in SharkNinja during the fourth quarter valued at approximately $100,845,000. Finally, Riposte Capital LLC grew its stake in SharkNinja by 15.0% in the fourth quarter. Riposte Capital LLC now owns 115,000 shares of the company’s stock valued at $11,196,000 after purchasing an additional 15,000 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

SN opened at $83.74 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The business has a fifty day simple moving average of $101.91 and a 200 day simple moving average of $102.30. SharkNinja, Inc. has a 1 year low of $60.72 and a 1 year high of $123.00. The company has a market capitalization of $11.72 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. Research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SN shares. Morgan Stanley increased their price objective on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Canaccord Genuity Group increased their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group raised their price objective on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

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.