GAM Holding AG Sells 8,764 Shares of SharkNinja, Inc. (NYSE:SN)

GAM Holding AG lessened its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 8.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,076 shares of the company's stock after selling 8,764 shares during the quarter. GAM Holding AG owned approximately 0.07% of SharkNinja worth $10,879,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC acquired a new stake in SharkNinja during the 3rd quarter worth about $65,000. Signaturefd LLC lifted its position in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in shares of SharkNinja by 11.4% during the third quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company's stock worth $1,043,000 after purchasing an additional 980 shares during the period. Seven Grand Managers LLC boosted its holdings in shares of SharkNinja by 150.0% during the third quarter. Seven Grand Managers LLC now owns 125,000 shares of the company's stock worth $13,589,000 after purchasing an additional 75,000 shares during the period. Finally, NBC Securities Inc. grew its position in SharkNinja by 4,000.0% during the third quarter. NBC Securities Inc. now owns 6,150 shares of the company's stock valued at $668,000 after purchasing an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Bank of America increased their target price on shares of SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Guggenheim lifted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. The Goldman Sachs Group lifted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $82.00 to $90.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $97.00 to $128.00 and gave the company an "overweight" rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.25.

SharkNinja Stock Up 0.0 %

Shares of SN stock traded up $0.05 on Wednesday, hitting $109.53. The company's stock had a trading volume of 1,137,922 shares, compared to its average volume of 1,117,311. The stock has a market capitalization of $15.33 billion, a price-to-earnings ratio of 62.95, a P/E/G ratio of 1.90 and a beta of 0.77. SharkNinja, Inc. has a fifty-two week low of $38.69 and a fifty-two week high of $112.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The firm's fifty day moving average price is $101.46 and its 200-day moving average price is $82.93.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.57 by $0.14. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Research analysts anticipate that SharkNinja, Inc. will post 3.89 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.