SharkNinja, Inc. (NYSE:SN) Shares Acquired by Amalgamated Bank

Amalgamated Bank grew its stake in SharkNinja, Inc. (NYSE:SN) by 24.1% in the fourth quarter, Holdings Channel reports. The fund owned 4,618 shares of the company’s stock after purchasing an additional 896 shares during the period. Amalgamated Bank’s holdings in SharkNinja were worth $450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in shares of SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after acquiring an additional 101,020 shares during the last quarter. Tidal Investments LLC increased its stake in shares of SharkNinja by 38.7% in the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after acquiring an additional 5,416 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of SharkNinja in the 3rd quarter worth $5,832,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of SharkNinja in the 3rd quarter worth $11,942,000. Finally, Advisors Asset Management Inc. increased its stake in shares of SharkNinja by 50.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,817 shares of the company’s stock worth $2,154,000 after acquiring an additional 6,662 shares during the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $94.28 on Wednesday. The business has a 50-day moving average of $106.45 and a 200 day moving average of $102.90. SharkNinja, Inc. has a 12 month low of $54.54 and a 12 month high of $123.00. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. As a group, sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Jefferies Financial Group increased their price target on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group increased their price target on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Morgan Stanley increased their price target on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

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.