Mirae Asset Global Investments Co. Ltd. Sells 50,197 Shares of SharkNinja, Inc. (NYSE:SN)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 34.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,700 shares of the company's stock after selling 50,197 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.07% of SharkNinja worth $10,145,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Signaturefd LLC raised its position in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after purchasing an additional 182 shares during the period. Waldron Private Wealth LLC acquired a new position in SharkNinja during the 3rd quarter worth $65,000. Headlands Technologies LLC bought a new stake in SharkNinja during the first quarter valued at about $66,000. Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja in the second quarter valued at about $70,000. Finally, Kessler Investment Group LLC bought a new position in shares of SharkNinja in the second quarter worth about $125,000. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SN has been the subject of several recent analyst reports. The Goldman Sachs Group increased their target price on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Canaccord Genuity Group increased their price objective on SharkNinja from $126.00 to $128.00 and gave the company a "buy" rating in a research report on Friday. Guggenheim boosted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. JPMorgan Chase & Co. upped 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. Finally, Oppenheimer initiated coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $109.05.

SharkNinja Price Performance

Shares of SN stock traded up $1.85 during mid-day trading on Monday, reaching $111.17. The company's stock had a trading volume of 992,181 shares, compared to its average volume of 1,113,406. The firm's 50-day moving average is $102.57 and its two-hundred day moving average is $84.04. The company has a market cap of $15.56 billion, a P/E ratio of 63.89, a PEG ratio of 1.90 and a beta of 0.77. SharkNinja, Inc. has a 1-year low of $40.27 and a 1-year high of $112.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.14. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The company's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. On average, research analysts predict that SharkNinja, Inc. will post 3.9 earnings per share for the current year.

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.