State Street Corp Grows Position in SharkNinja, Inc. (NYSE:SN)

State Street Corp raised its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 17.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 667,003 shares of the company's stock after acquiring an additional 101,020 shares during the quarter. State Street Corp owned 0.48% of SharkNinja worth $72,510,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp raised its stake in shares of SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after buying an additional 100 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new position in SharkNinja during the 3rd quarter valued at about $54,000. Pinpoint Asset Management Ltd raised its position in SharkNinja by 14,967.1% during the third quarter. Pinpoint Asset Management Ltd now owns 11,451 shares of the company's stock worth $1,245,000 after acquiring an additional 11,375 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of SharkNinja in the third quarter valued at about $770,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of SharkNinja in the third quarter valued at about $17,826,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on SN. JPMorgan Chase & Co. cut their price objective on SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Jefferies Financial Group raised their price target on SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a research report 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 boosted their target price on shares of SharkNinja from $126.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Guggenheim boosted 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.39.

SharkNinja Trading Down 5.9 %

NYSE:SN traded down $5.97 during mid-day trading on Wednesday, reaching $94.92. The company's stock had a trading volume of 2,098,237 shares, compared to its average volume of 1,208,507. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The stock has a market cap of $13.28 billion, a P/E ratio of 37.22, a P/E/G ratio of 1.65 and a beta of 1.00. The company's fifty day simple moving average is $101.88 and its two-hundred day simple moving average is $91.91. SharkNinja, Inc. has a twelve month low of $45.85 and a twelve month high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period last year, the company earned $0.95 earnings per share. The company's quarterly revenue was up 33.3% on a year-over-year basis. On average, equities analysts predict that SharkNinja, Inc. will post 3.88 EPS for the current year.

SharkNinja 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.