Logan Capital Management Inc. purchased a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,061 shares of the company's stock, valued at approximately $2,181,000.
A number of other institutional investors also recently bought and sold shares of the stock. Stifel Financial Corp raised its position in shares of SharkNinja by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc grew its stake in SharkNinja by 3.6% in the third quarter. CIBC Asset Management Inc now owns 4,026 shares of the company's stock worth $438,000 after purchasing an additional 139 shares during the period. Signaturefd LLC raised its holdings in SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management purchased a new position in SharkNinja during the third quarter valued at $54,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of SharkNinja during the 3rd quarter valued at $54,000. 34.77% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Jefferies Financial Group increased their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Oppenheimer initiated coverage on SharkNinja in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price objective on the stock. Finally, Canaccord Genuity Group lifted 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of "Moderate Buy" and a consensus target price of $116.39.
Check Out Our Latest Report on SN
SN stock opened at $99.67 on Friday. The company has a market cap of $13.95 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 1.68 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 1 year low of $45.85 and a 1 year high of $112.93. The stock's fifty day moving average price is $102.48 and its 200-day moving average price is $91.31.
SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. On average, equities analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current year.
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.
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