Silvant Capital Management LLC Buys New Stake in SharkNinja, Inc. (NYSE:SN)

Silvant Capital Management LLC bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,647 shares of the company's stock, valued at approximately $1,484,000.

A number of other large investors have also modified their holdings of the business. abrdn plc increased its holdings in shares of SharkNinja by 17.8% in the third quarter. abrdn plc now owns 419,660 shares of the company's stock valued at $45,621,000 after purchasing an additional 63,299 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of SharkNinja in the 1st quarter worth $981,000. GSA Capital Partners LLP purchased a new position in shares of SharkNinja during the 1st quarter worth $1,076,000. NBC Securities Inc. boosted its position in shares of SharkNinja by 4,000.0% during the 3rd quarter. NBC Securities Inc. now owns 6,150 shares of the company's stock valued at $668,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Concorde Asset Management LLC purchased a new stake in shares of SharkNinja in the second quarter valued at about $661,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Trading Down 3.4 %

SN traded down $3.09 during mid-day trading on Friday, hitting $89.12. 4,760,236 shares of the stock were exchanged, compared to its average volume of 1,337,842. The firm's fifty day moving average is $103.41 and its two-hundred day moving average is $84.97. SharkNinja, Inc. has a 1-year low of $41.12 and a 1-year high of $112.93. The company has a market cap of $12.47 billion, a PE ratio of 34.95, a PEG ratio of 1.60 and a beta of 1.04. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 33.74%. The business's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 earnings per share. Equities analysts forecast that SharkNinja, Inc. will post 3.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday. Oppenheimer initiated coverage on SharkNinja in a report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price objective on the stock. Morgan Stanley raised their target price on SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Friday. Jefferies Financial Group upped their price target on SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their price target on SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $110.85.

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.