Pinnacle Financial Partners Inc Makes New $279,000 Investment in SharkNinja, Inc. (NYSE:SN)

Pinnacle Financial Partners Inc purchased a new stake in SharkNinja, Inc. (NYSE:SN) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,569 shares of the company’s stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SN. Signaturefd LLC raised its holdings in SharkNinja by 104.6% during the third 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. Hollencrest Capital Management purchased a new stake in shares of SharkNinja in the 3rd quarter worth about $54,000. Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja in the 3rd quarter worth about $65,000. Headlands Technologies LLC acquired a new stake in SharkNinja in the 1st quarter valued at about $66,000. Finally, Picton Mahoney Asset Management purchased a new position in SharkNinja during the 2nd quarter valued at about $70,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Ratings Changes

SN has been the topic of several recent research reports. Bank of America upped their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Oppenheimer initiated coverage on SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. The Goldman Sachs Group raised their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Morgan Stanley upped their price objective on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lowered their price objective on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.85.

SharkNinja Trading Down 0.8 %

NYSE SN opened at $101.28 on Friday. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja, Inc. has a one year low of $42.90 and a one year high of $112.93. The company’s 50 day moving average price is $104.19 and its 200 day moving average price is $86.96.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $0.95 EPS. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, sell-side analysts predict that SharkNinja, Inc. will post 3.88 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.