Polymer Capital Management HK LTD Has $1.99 Million Holdings in SharkNinja, Inc. (NYSE:SN)

Polymer Capital Management HK LTD reduced its stake in SharkNinja, Inc. (NYSE:SN) by 37.2% during the 4th quarter, HoldingsChannel reports. The fund owned 20,420 shares of the company’s stock after selling 12,109 shares during the quarter. Polymer Capital Management HK LTD’s holdings in SharkNinja were worth $1,988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in shares of SharkNinja in the third quarter valued at about $271,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in SharkNinja by 306.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,404 shares of the company’s stock valued at $3,523,000 after buying an additional 24,423 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in SharkNinja in the 3rd quarter valued at approximately $770,000. Stifel Financial Corp boosted its position in SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after acquiring an additional 100 shares during the last quarter. Finally, State Street Corp boosted its position in SharkNinja by 17.8% during the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after acquiring an additional 101,020 shares during the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

SharkNinja Trading Up 0.9 %

Shares of SharkNinja stock opened at $70.09 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 $98.77 and a two-hundred day simple moving average of $101.54. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 22.54, a P/E/G 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 for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.