SharkNinja, Inc. (NYSE:SN) Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 306.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,404 shares of the company's stock after acquiring an additional 24,423 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in SharkNinja were worth $3,523,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SN. CIBC Asset Management Inc lifted its stake in shares of SharkNinja by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company's stock worth $438,000 after acquiring an additional 139 shares during the period. Signaturefd LLC raised its holdings in SharkNinja by 104.6% during 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. Hollencrest Capital Management acquired a new stake in SharkNinja in the third quarter worth approximately $54,000. Waldron Private Wealth LLC acquired a new stake in SharkNinja in the third quarter worth approximately $65,000. Finally, Concorde Asset Management LLC boosted its stake in SharkNinja by 7.6% during the 3rd quarter. Concorde Asset Management LLC now owns 9,468 shares of the company's stock valued at $1,029,000 after purchasing an additional 667 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Trading Down 1.4 %

SharkNinja stock traded down $1.37 during midday trading on Friday, reaching $99.67. The stock had a trading volume of 634,062 shares, compared to its average volume of 1,208,619. SharkNinja, Inc. has a twelve month low of $45.85 and a twelve month high of $112.93. 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 firm has a market cap of $13.95 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 1.68 and a beta of 1.00. The firm's fifty day simple moving average is $102.48 and its two-hundred day simple moving average is $91.43.

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, beating analysts' consensus estimates of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company earned $0.95 earnings per share. The company's revenue for the quarter was up 33.3% on a year-over-year basis. Equities analysts anticipate that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

SN has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Guggenheim upped their price target on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a report on Monday, October 7th. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Jefferies Financial Group boosted their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley raised their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.39.

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.