Silver Oak Securities Incorporated Invests $490,000 in SharkNinja, Inc. (NYSE:SN)

Silver Oak Securities Incorporated purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,115 shares of the company's stock, valued at approximately $490,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SN. FMR LLC boosted its holdings in shares of SharkNinja by 47.5% during the third quarter. FMR LLC now owns 10,307,632 shares of the company's stock worth $1,120,543,000 after purchasing an additional 3,321,684 shares during the period. Baillie Gifford & Co. lifted its position in SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after buying an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of SharkNinja during the 3rd quarter valued at $114,878,000. State Street Corp grew its holdings in shares of SharkNinja by 17.8% during the 3rd quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after acquiring an additional 101,020 shares in the last quarter. Finally, abrdn plc increased its stake in shares of SharkNinja by 17.8% in the third quarter. abrdn plc now owns 419,660 shares of the company's stock worth $45,621,000 after acquiring an additional 63,299 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SN. Morgan Stanley boosted their price target on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Jefferies Financial Group increased their price target on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group raised their price target on shares of SharkNinja from $128.00 to $129.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised their target price on SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $117.28.

SharkNinja Stock Performance

NYSE SN traded down $1.72 during midday trading on Tuesday, hitting $108.57. The company had a trading volume of 1,695,156 shares, compared to its average volume of 947,172. The firm has a fifty day simple moving average of $104.14 and a two-hundred day simple moving average of $100.04. SharkNinja, Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $115.98. 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 stock has a market cap of $15.19 billion, a price-to-earnings ratio of 42.58, a P/E/G ratio of 1.74 and a beta of 1.13.

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.