Stephens Inc. AR Invests $272,000 in SharkNinja, Inc. (NYSE:SN)

Stephens Inc. AR purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,500 shares of the company’s stock, valued at approximately $272,000.

Several other institutional investors also recently modified their holdings of SN. abrdn plc boosted its stake in SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock worth $45,621,000 after acquiring an additional 63,299 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in SharkNinja during the 3rd quarter worth approximately $1,357,000. Waldron Private Wealth LLC bought a new position in SharkNinja during the 3rd quarter worth approximately $65,000. Signaturefd LLC boosted its stake in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after acquiring an additional 182 shares during the last quarter. Finally, Fortis Group Advisors LLC boosted its stake in SharkNinja by 11.4% during the 3rd quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock worth $1,043,000 after acquiring an additional 980 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SN. JPMorgan Chase & Co. reduced their price objective 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. Oppenheimer started coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target on the stock. Jefferies Financial Group lifted their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.85.

SharkNinja Price Performance

NYSE:SN opened at $95.95 on Friday. SharkNinja, Inc. has a one year low of $41.12 and a one year high of $112.93. The company has a market cap of $13.43 billion, a P/E ratio of 37.52, a P/E/G ratio of 1.50 and a beta of 1.04. The firm’s fifty day moving average price is $103.56 and its two-hundred day moving average price is $85.60. 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 (NYSE:SN) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 33.3% on a year-over-year basis. Equities analysts expect that SharkNinja, Inc. will post 3.9 earnings per share for the current 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.