Geode Capital Management LLC Decreases Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Geode Capital Management LLC lowered its stake in SharkNinja, Inc. (NYSE:SN) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 367,408 shares of the company’s stock after selling 3,634 shares during the quarter. Geode Capital Management LLC’s holdings in SharkNinja were worth $39,941,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SN. Signaturefd LLC increased its position in shares of SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares during the last quarter. Hollencrest Capital Management purchased a new stake in SharkNinja during the third quarter valued at approximately $54,000. Safe Harbor Fiduciary LLC bought a new position in SharkNinja in the third quarter worth approximately $54,000. Waldron Private Wealth LLC purchased a new position in shares of SharkNinja during the 3rd quarter worth $65,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of SharkNinja during the 2nd quarter valued at $70,000. Institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SN shares. The Goldman Sachs Group lifted their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group boosted their price objective on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Oppenheimer initiated coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.39.

SharkNinja Stock Up 2.0 %

SN opened at $97.90 on Wednesday. The company has a market capitalization of $13.70 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 1.65 and a beta of 1.01. The firm has a 50-day simple moving average of $101.15 and a two-hundred day simple moving average of $92.40. 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 52 week low of $45.85 and a 52 week high of $112.93.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.95 earnings per share. The firm’s revenue was up 33.3% on a year-over-year basis. Analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

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.