DekaBank Deutsche Girozentrale Takes $772,000 Position in SharkNinja, Inc. (NYSE:SN)

DekaBank Deutsche Girozentrale purchased a new stake in SharkNinja, Inc. (NYSE:SN) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,000 shares of the company’s stock, valued at approximately $772,000.

Other institutional investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $42,000. Counterpoint Mutual Funds LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $141,000. SG Americas Securities LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $185,000. Orion Portfolio Solutions LLC acquired a new stake in SharkNinja in the 3rd quarter worth approximately $272,000. Finally, Pinnacle Associates Ltd. acquired a new stake in SharkNinja in the 3rd quarter worth approximately $335,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Performance

SN opened at 61.76 on Tuesday. SharkNinja, Inc. has a 12-month low of 25.84 and a 12-month high of 65.61. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $8.59 billion and a PE ratio of 15.84. The firm has a 50 day moving average of 57.09 and a two-hundred day moving average of 50.41.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The company had revenue of 1.38 billion during the quarter, compared to analyst estimates of 1.31 billion. During the same period last year, the firm posted $0.54 EPS. SharkNinja’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, analysts anticipate that SharkNinja, Inc. will post 3.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of SharkNinja in a research note on Thursday, April 4th. They issued an “overweight” rating and a $70.00 target price for the company. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. UBS Group assumed coverage on shares of SharkNinja in a research note on Monday. They issued a “buy” rating and a $76.00 target price for the company. Morgan Stanley assumed coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on shares of SharkNinja from $52.00 to $59.00 and gave the stock an “action list buy” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of 65.00.

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.