UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 24,423 Shares of SharkNinja, Inc. (NYSE:SN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in SharkNinja, Inc. (NYSE:SN) by 306.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,404 shares of the company’s stock after buying an additional 24,423 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in SharkNinja were worth $3,523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its stake in SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after acquiring an additional 3,321,684 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of SharkNinja in the 2nd quarter valued at about $190,482,000. Baillie Gifford & Co. lifted its stake in SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after purchasing an additional 1,797,578 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in SharkNinja during the third quarter worth about $114,878,000. Finally, Thrivent Financial for Lutherans increased its position in SharkNinja by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock worth $127,450,000 after buying an additional 380,926 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Down 1.4 %

Shares of NYSE:SN opened at $99.67 on Friday. SharkNinja, Inc. has a 52-week low of $45.85 and a 52-week high of $112.93. The company has a market capitalization of $13.95 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company has a fifty day moving average of $102.48 and a 200-day moving average of $91.31.

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

Analysts Set New Price Targets

A number of research firms have 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. The Goldman Sachs Group lifted their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Morgan Stanley increased their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Oppenheimer started coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price for the company. Finally, Canaccord Genuity Group increased their price target on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.39.

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.