Thurston Springer Miller Herd & Titak Inc. Has $965,000 Position in SharkNinja, Inc. (NYSE:SN)

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 14.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,881 shares of the company’s stock after buying an additional 1,126 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in SharkNinja were worth $965,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of SharkNinja during the first quarter worth $66,000. Picton Mahoney Asset Management acquired a new position in SharkNinja during the 2nd quarter worth about $70,000. Kessler Investment Group LLC bought a new stake in shares of SharkNinja in the 2nd quarter valued at about $125,000. Essex LLC acquired a new stake in shares of SharkNinja in the first quarter valued at about $204,000. Finally, Magnetar Financial LLC bought a new position in shares of SharkNinja during the second quarter worth about $233,000. 34.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SN. Bank of America increased their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. boosted their price objective on SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. The Goldman Sachs Group raised their target price on SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Canaccord Genuity Group boosted their price target on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Oppenheimer initiated coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective for the company. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and a consensus price target of $97.94.

SharkNinja Trading Down 0.8 %

Shares of SharkNinja stock opened at $107.30 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. SharkNinja, Inc. has a 52 week low of $38.69 and a 52 week high of $110.96. The stock has a 50 day moving average price of $97.40 and a two-hundred day moving average price of $80.51. The stock has a market capitalization of $15.02 billion, a PE ratio of 61.67, a price-to-earnings-growth ratio of 1.88 and a beta of 0.77.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $0.46 EPS. SharkNinja’s quarterly revenue was up 31.4% on a year-over-year basis. As a group, equities analysts anticipate that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal 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.