3,793 Shares in SharkNinja, Inc. (NYSE:SN) Bought by Amalgamated Bank

Amalgamated Bank bought a new position in SharkNinja, Inc. (NYSE:SN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,793 shares of the company’s stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC acquired a new stake in SharkNinja in the fourth quarter worth about $37,000. Picton Mahoney Asset Management purchased a new stake in SharkNinja during the 2nd quarter worth approximately $70,000. Headlands Technologies LLC acquired a new position in shares of SharkNinja in the 1st quarter valued at $66,000. Kessler Investment Group LLC purchased a new position in SharkNinja in the 2nd quarter worth $125,000. Finally, Essex LLC acquired a new stake in SharkNinja during the 1st quarter worth about $204,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SN. Bank of America raised their price objective on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Canaccord Genuity Group raised their price target on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group raised their target price on shares of SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and a consensus price target of $87.69.

SharkNinja Stock Performance

Shares of NYSE SN opened at $108.68 on Tuesday. The company has a market capitalization of $15.21 billion, a PE ratio of 80.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. The company’s fifty day moving average price is $91.25 and its 200 day moving average price is $77.42. SharkNinja, Inc. has a 1 year low of $38.69 and a 1 year high of $108.99.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm earned $0.46 EPS. The company’s quarterly revenue was up 31.4% on a year-over-year basis. On average, research analysts predict that SharkNinja, Inc. will post 3.89 earnings per share for the current year.

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.