Assetmark Inc. Acquires New Position in SharkNinja, Inc. (NYSE:SN)

Assetmark Inc. purchased a new stake in shares of SharkNinja, Inc. (NYSE:SN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,850 shares of the company’s stock, valued at approximately $527,000.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted 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 buying an additional 182 shares during the period. Hollencrest Capital Management bought a new position in SharkNinja in the third quarter worth about $54,000. Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja during the third quarter worth about $65,000. Picton Mahoney Asset Management purchased a new stake in shares of SharkNinja during the second quarter worth about $70,000. Finally, Headlands Technologies LLC purchased a new stake in shares of SharkNinja during the first quarter worth about $66,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of NYSE:SN opened at $100.88 on Friday. The company has a market cap of $14.12 billion, a P/E ratio of 39.72, a PEG ratio of 1.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja, Inc. has a one year low of $43.25 and a one year high of $112.93. The business’s 50-day simple moving average is $104.27 and its 200 day simple moving average is $87.06.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $0.95 EPS. The business’s revenue was up 33.3% on a year-over-year basis. On average, sell-side analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SN shares. Guggenheim upped their target price on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Bank of America increased their price objective on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Jefferies Financial Group upped 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. JPMorgan Chase & Co. lowered their price target on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Morgan Stanley increased their price target on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and a consensus price target of $110.85.

SharkNinja Company 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.