SharkNinja, Inc. (NYSE:SN) Position Increased by Fmr LLC

FMR LLC raised its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 47.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,307,632 shares of the company's stock after purchasing an additional 3,321,684 shares during the period. FMR LLC owned about 7.37% of SharkNinja worth $1,120,543,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SN. CIBC Asset Management Inc increased its stake in shares of 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 purchasing an additional 139 shares in the last quarter. Signaturefd LLC increased its position in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management purchased a new position in SharkNinja during the third quarter worth $54,000. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja in the third quarter worth $65,000. Finally, Concorde Asset Management LLC lifted its position in shares of SharkNinja by 7.6% in the third quarter. Concorde Asset Management LLC now owns 9,468 shares of the company's stock valued at $1,029,000 after acquiring an additional 667 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

SN has been the subject of a number of recent research reports. Guggenheim lifted their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Bank of America lifted their price target on shares of SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Jefferies Financial Group upped their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley increased their price target on SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, SharkNinja currently has an average rating of "Moderate Buy" and a consensus price target of $110.85.

SharkNinja Trading Down 1.2 %

SN stock traded down $1.20 during trading on Thursday, reaching $98.07. 907,500 shares of the stock traded hands, compared to its average volume of 1,218,575. The business's 50 day moving average price is $103.89 and its 200-day moving average price is $89.31. The firm has a market capitalization of $13.72 billion, a PE ratio of 38.46, a P/E/G ratio of 1.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. SharkNinja, Inc. has a 52-week low of $45.35 and a 52-week high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $0.95 earnings per share. SharkNinja's revenue for the quarter was up 33.3% compared to the same quarter last year. As a group, sell-side analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share 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.