Braun Stacey Associates Inc. Makes New $9.17 Million Investment in SharkNinja, Inc. (NYSE:SN)

Braun Stacey Associates Inc. bought a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 84,326 shares of the company’s stock, valued at approximately $9,167,000. Braun Stacey Associates Inc. owned about 0.06% of SharkNinja at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SN. CIBC Asset Management Inc grew its stake in SharkNinja by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock worth $438,000 after buying an additional 139 shares during the last quarter. Signaturefd LLC grew its position in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares during the last quarter. SG Americas Securities LLC grew its holdings in SharkNinja by 9.4% in the 1st 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. Hollencrest Capital Management acquired a new stake in SharkNinja in the 3rd quarter valued at approximately $54,000. Finally, Waldron Private Wealth LLC bought a new stake in SharkNinja during the 3rd quarter valued at $65,000. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SN. Morgan Stanley lifted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Guggenheim increased their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. The Goldman Sachs Group upped their target price on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group increased their price target on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $110.85.

SharkNinja Stock Performance

Shares of SN opened at $100.88 on Monday. SharkNinja, Inc. has a one year low of $43.25 and a one year high of $112.93. The company has a 50-day moving average of $104.40 and a two-hundred day moving average of $87.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 1.67 and a beta of 1.04.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. On average, equities research analysts expect that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

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.