State Street Corp Acquires 101,020 Shares of SharkNinja, Inc. (NYSE:SN)

State Street Corp increased its stake in SharkNinja, Inc. (NYSE:SN) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 667,003 shares of the company’s stock after purchasing an additional 101,020 shares during the period. State Street Corp owned approximately 0.48% of SharkNinja worth $72,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp lifted its stake in SharkNinja by 2.1% during the third quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after purchasing an additional 100 shares during the last quarter. CIBC Asset Management Inc lifted its position in 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 buying an additional 139 shares during the last quarter. Signaturefd LLC lifted its position in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after buying an additional 182 shares during the last quarter. Hollencrest Capital Management purchased a new stake in SharkNinja in the third quarter worth approximately $54,000. Finally, Safe Harbor Fiduciary LLC bought a new position in SharkNinja during the third quarter valued at approximately $54,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Trading Down 0.8 %

SN opened at $100.88 on Wednesday. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 1.65 and a beta of 1.00. SharkNinja, Inc. has a one year low of $45.85 and a one year high of $112.93. The business has a 50 day simple moving average of $102.17 and a two-hundred day simple moving average of $91.89. 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 (NYSE:SN) last announced 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 during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm’s revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 earnings per share. Analysts predict that SharkNinja, Inc. will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SN. The Goldman Sachs Group upped their price objective 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. Canaccord Genuity Group upped their price target on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price objective on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Jefferies Financial Group increased their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Guggenheim raised their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.