Fmr LLC Boosts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Fmr LLC raised its holdings in SharkNinja, Inc. (NYSE:SN) by 47.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,307,632 shares of the company’s stock after purchasing an additional 3,321,684 shares during the quarter. Fmr LLC owned 7.37% of SharkNinja worth $1,120,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of SharkNinja during the 3rd quarter valued at approximately $54,000. Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja during the 3rd quarter worth approximately $65,000. Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja in the 2nd quarter worth approximately $70,000. Finally, Kessler Investment Group LLC purchased a new position in SharkNinja in the 2nd quarter valued at approximately $125,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on SN. The Goldman Sachs Group boosted 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. JPMorgan Chase & Co. lowered their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Oppenheimer assumed coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price for the company. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America upped their target price on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.85.

SharkNinja Stock Down 1.2 %

Shares of SN opened at $98.07 on Thursday. The firm has a market cap of $13.72 billion, a PE ratio of 38.46, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. 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 $104.06 and its two-hundred day moving average is $89.25. SharkNinja, Inc. has a fifty-two week low of $45.35 and a fifty-two week high of $112.93.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The firm’s revenue was up 33.3% on a year-over-year basis. Analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

SharkNinja 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.