WCM Investment Management LLC Sells 50,798 Shares of SharkNinja, Inc. (NYSE:SN)

WCM Investment Management LLC lessened its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 22.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 174,427 shares of the company’s stock after selling 50,798 shares during the period. WCM Investment Management LLC owned 0.12% of SharkNinja worth $16,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC grew its holdings in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after acquiring an additional 182 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of SharkNinja during the third quarter valued at approximately $54,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of SharkNinja in the third quarter valued at approximately $54,000. R Squared Ltd bought a new position in SharkNinja in the 4th quarter worth approximately $55,000. Finally, Waldron Private Wealth LLC bought a new position in SharkNinja in the 3rd quarter valued at $65,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Down 0.2 %

Shares of NYSE SN opened at $113.92 on Monday. SharkNinja, Inc. has a twelve month low of $48.05 and a twelve month high of $115.87. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 44.68, a P/E/G ratio of 1.74 and a beta of 1.13. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The company’s fifty day moving average is $103.91 and its 200-day moving average is $99.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley upped their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group increased their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group lifted their target price on shares of SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and a consensus price target of $117.28.

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.