The Manufacturers Life Insurance Company Acquires Shares of 2,493 SharkNinja, Inc. (NYSE:SN)

The Manufacturers Life Insurance Company bought a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,493 shares of the company’s stock, valued at approximately $271,000.

A number of other large investors also recently made changes to their positions in the stock. Signaturefd LLC raised its position in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after acquiring an additional 182 shares during the period. Hollencrest Capital Management bought a new stake in SharkNinja in the third quarter valued at approximately $54,000. Waldron Private Wealth LLC acquired a new stake in SharkNinja in the third quarter worth $65,000. Picton Mahoney Asset Management acquired a new stake in SharkNinja in the second quarter worth $70,000. Finally, Magnetar Financial LLC bought a new position in shares of SharkNinja during the second quarter worth $233,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of NYSE SN opened at $101.66 on Tuesday. The business has a fifty day moving average price of $102.35 and a two-hundred day moving average price of $91.72. The stock has a market capitalization of $14.23 billion, a PE ratio of 39.87, a P/E/G ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. SharkNinja, Inc. has a fifty-two week low of $45.85 and a fifty-two week high of $112.93.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Canaccord Genuity Group increased their target price on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Oppenheimer assumed coverage on SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Guggenheim boosted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, The Goldman Sachs Group increased their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.