Charles Schwab Investment Management Inc. Has $25.34 Million Stake in SharkNinja, Inc. (NYSE:SN)

Charles Schwab Investment Management Inc. lowered its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 233,123 shares of the company's stock after selling 16,411 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.17% of SharkNinja worth $25,343,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in SharkNinja by 8.6% in the first quarter. Vanguard Group Inc. now owns 55,735 shares of the company's stock worth $3,472,000 after purchasing an additional 4,411 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in SharkNinja in the 2nd quarter valued at $513,000. SG Americas Securities LLC raised its stake in SharkNinja by 920.8% during the second quarter. SG Americas Securities LLC now owns 45,101 shares of the company's stock worth $3,389,000 after acquiring an additional 40,683 shares in the last quarter. Dnca Finance acquired a new position in SharkNinja during the second quarter worth $6,113,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of SharkNinja in the 2nd quarter valued at $125,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Trading Down 0.8 %

Shares of SN traded down $0.80 during trading hours on Friday, reaching $100.87. The stock had a trading volume of 1,098,204 shares, compared to its average volume of 1,214,957. SharkNinja, Inc. has a 52 week low of $45.85 and a 52 week high of $112.93. 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 has a market cap of $14.12 billion, a P/E ratio of 39.89, a P/E/G ratio of 1.63 and a beta of 1.00. The firm has a 50-day moving average of $103.41 and a 200 day moving average of $90.31.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping 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 firm 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 business earned $0.95 EPS. The company's revenue for the quarter was up 33.3% compared to the same quarter last year. On average, sell-side analysts expect that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SN. Morgan Stanley lifted their price target on shares of SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group upped their price target on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Oppenheimer initiated coverage on SharkNinja in a report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price objective for the company. Finally, Jefferies Financial Group boosted 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $116.39.

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.