5,156 Shares in SharkNinja, Inc. (NYSE:SN) Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System acquired a new position in SharkNinja, Inc. (NYSE:SN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,156 shares of the company’s stock, valued at approximately $387,000.

Several other hedge funds have also recently made changes to their positions in SN. Azzad Asset Management Inc. ADV bought a new stake in SharkNinja during the second quarter worth approximately $2,085,000. Principal Financial Group Inc. bought a new position in shares of SharkNinja during the 2nd quarter valued at approximately $382,000. Burney Co. purchased a new stake in SharkNinja during the 2nd quarter valued at $2,449,000. HB Wealth Management LLC bought a new stake in SharkNinja in the second quarter worth $601,000. Finally, GAM Holding AG bought a new stake in SharkNinja in the second quarter worth $8,179,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $95.17 on Wednesday. SharkNinja, Inc. has a 12 month low of $33.08 and a 12 month high of $96.73. The stock’s fifty day moving average price is $80.33 and its 200-day moving average price is $71.07. The firm has a market cap of $13.32 billion, a P/E ratio of 70.50, a P/E/G ratio of 1.40 and a beta of 0.75. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

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 net margin of 5.16% and a return on equity of 32.29%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, equities research analysts expect that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SN. The Goldman Sachs Group increased their target price on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Morgan Stanley increased their price target on SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Bank of America boosted their price objective on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. UBS Group increased their target price on SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, China Renaissance initiated coverage on shares of SharkNinja in a research note on Wednesday, May 29th. They set a “buy” rating for the company. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.81.

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.