Point72 Asset Management L.P. purchased a new position in SharkNinja, Inc. (NYSE:SN - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,079 shares of the company's stock, valued at approximately $770,000.
A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in SharkNinja by 8.6% during the first quarter. Vanguard Group Inc. now owns 55,735 shares of the company's stock worth $3,472,000 after acquiring an additional 4,411 shares in the last quarter. Kessler Investment Group LLC purchased a new stake in shares of SharkNinja in the second quarter worth $125,000. Consolidated Investment Group LLC bought a new position in shares of SharkNinja during the second quarter valued at $579,000. HMS Capital Management LLC purchased a new position in shares of SharkNinja in the 2nd quarter worth about $463,000. Finally, Schwartz Investment Counsel Inc. raised its position in shares of SharkNinja by 78.9% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 90,700 shares of the company's stock worth $6,816,000 after purchasing an additional 40,000 shares during the last quarter. Institutional investors own 34.77% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Jefferies Financial Group raised 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. The Goldman Sachs Group upped their price objective on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Canaccord Genuity Group increased their target price on SharkNinja from $126.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Finally, Guggenheim increased their price objective on SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.39.
Get Our Latest Stock Report on SharkNinja
SharkNinja Stock Performance
SN stock traded down $0.57 during trading on Thursday, reaching $101.06. The stock had a trading volume of 778,422 shares, compared to its average volume of 1,211,013. The stock's 50 day moving average is $102.84 and its two-hundred day moving average is $91.08. The firm has a market cap of $14.14 billion, a PE ratio of 39.97, a PEG ratio of 1.67 and a beta of 1.00. SharkNinja, Inc. has a 52 week low of $45.85 and a 52 week high of $112.93. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.
SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The firm's revenue was up 33.3% compared to the same quarter last year. As a group, equities analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current year.
SharkNinja Company Profile
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Free Report)
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.
See Also
![Institutional Ownership by Quarter for SharkNinja (NYSE:SN)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=SN)
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