GAM Holding AG Purchases 14,403 Shares of SharkNinja, Inc. (NYSE:SN)

GAM Holding AG increased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,479 shares of the company's stock after purchasing an additional 14,403 shares during the quarter. GAM Holding AG owned approximately 0.08% of SharkNinja worth $11,146,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its stake in SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after buying an additional 101,020 shares during the period. Tidal Investments LLC raised its stake in SharkNinja by 38.7% in the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after acquiring an additional 5,416 shares during the period. Lord Abbett & CO. LLC acquired a new stake in SharkNinja during the 3rd quarter valued at $5,832,000. abrdn plc boosted its position in SharkNinja by 17.8% during the third quarter. abrdn plc now owns 419,660 shares of the company's stock worth $45,621,000 after purchasing an additional 63,299 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new stake in shares of SharkNinja during the 3rd quarter worth about $11,942,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of SN traded down $7.69 during trading hours on Friday, hitting $103.17. 1,831,659 shares of the company were exchanged, compared to its average volume of 1,175,389. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a fifty-two week low of $52.05 and a fifty-two week high of $123.00. The company has a market cap of $14.44 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 2.39 and a beta of 1.13. The firm's fifty day moving average is $105.77 and its 200 day moving average is $101.85.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, equities analysts anticipate that SharkNinja, Inc. will post 4.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their target price on SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Canaccord Genuity Group boosted their price target on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group increased their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, SharkNinja has a consensus rating of "Moderate Buy" and an average target price of $122.50.

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.