New York State Common Retirement Fund Acquires New Shares in SharkNinja, Inc. (NYSE:SN)

New York State Common Retirement Fund bought a new position in shares of SharkNinja, Inc. (NYSE:SN) during the 4th quarter, HoldingsChannel reports. The firm bought 57,171 shares of the company’s stock, valued at approximately $2,925,000.

Other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of SharkNinja during the 3rd quarter valued at $42,000. SG Americas Securities LLC purchased a new position in SharkNinja during the 3rd quarter valued at about $185,000. Orion Portfolio Solutions LLC bought a new stake in shares of SharkNinja during the third quarter valued at about $272,000. Victory Capital Management Inc. purchased a new stake in shares of SharkNinja in the third quarter worth about $402,000. Finally, Bank of New York Mellon Corp bought a new position in shares of SharkNinja in the third quarter valued at approximately $414,000. 34.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on SN shares. The Goldman Sachs Group increased their target price on shares of SharkNinja from $59.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. started coverage on SharkNinja in a research note on Thursday, April 4th. They set an “overweight” rating and a $70.00 price objective for the company. Guggenheim started coverage on SharkNinja in a research note on Monday, February 5th. They issued a “buy” rating and a $60.00 target price on the stock. Morgan Stanley assumed coverage on SharkNinja in a research report on Tuesday, January 30th. They set an “equal weight” rating and a $54.00 price target for the company. Finally, UBS Group started coverage on shares of SharkNinja in a research report on Monday, April 15th. They issued a “buy” rating and a $76.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of 67.14.

SharkNinja Price Performance

SN opened at 65.98 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. SharkNinja, Inc. has a 12-month low of 25.84 and a 12-month high of 67.16. The stock has a 50-day moving average price of 60.67 and a 200-day moving average price of 52.47.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.86 by 0.08. The business had revenue of 1.38 billion during the quarter, compared to analyst estimates of 1.31 billion. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. SharkNinja’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, equities analysts expect that SharkNinja, Inc. will post 3.54 EPS for the current year.

SharkNinja 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.