CIBC Asset Management Inc Has $438,000 Stake in SharkNinja, Inc. (NYSE:SN)

CIBC Asset Management Inc lifted its stake in SharkNinja, Inc. (NYSE:SN) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,026 shares of the company’s stock after buying an additional 139 shares during the period. CIBC Asset Management Inc’s holdings in SharkNinja were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC raised its stake in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after acquiring an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of SharkNinja during the third quarter worth $54,000. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja during the third quarter worth $65,000. Picton Mahoney Asset Management acquired a new position in shares of SharkNinja during the second quarter worth $70,000. Finally, Fortis Group Advisors LLC lifted its stake in shares of SharkNinja by 11.4% in the 3rd quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock valued at $1,043,000 after acquiring an additional 980 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Up 5.4 %

SN stock opened at $100.39 on Friday. The business’s 50-day moving average price is $104.40 and its 200-day moving average price is $88.25. The stock has a market cap of $14.05 billion, a P/E ratio of 39.37, a PEG ratio of 1.63 and a beta of 1.04. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a twelve month low of $45.35 and a twelve month high of $112.93.

SharkNinja (NYSE:SN) last released 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 the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. On average, equities research analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on SN shares. Oppenheimer began coverage on SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company. Canaccord Genuity Group lifted their price target on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Guggenheim increased their price target on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Jefferies Financial Group lifted their price objective 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, The Goldman Sachs Group boosted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average price target 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.