SharkNinja, Inc. (NYSE:SN) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in SharkNinja, Inc. (NYSE:SN) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 263,540 shares of the company’s stock after purchasing an additional 23,804 shares during the quarter. Bank of New York Mellon Corp owned about 0.19% of SharkNinja worth $21,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock valued at $30,000 after acquiring an additional 155 shares in the last quarter. Quarry LP purchased a new position in SharkNinja in the fourth quarter valued at approximately $47,000. Continuum Advisory LLC raised its holdings in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock valued at $54,000 after buying an additional 550 shares during the period. Covestor Ltd raised its holdings in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after buying an additional 475 shares during the period. Finally, Safe Harbor Fiduciary LLC raised its stake in shares of SharkNinja by 200.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company’s stock valued at $146,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

SharkNinja stock opened at $115.02 on Friday. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The business has a 50-day simple moving average of $97.23 and a 200 day simple moving average of $95.16. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36. The stock has a market cap of $16.22 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 2.13 and a beta of 1.66.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 EPS. On average, research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on SN shares. Oppenheimer lifted their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Morgan Stanley upped their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a report on Monday, June 30th. Finally, Guggenheim dropped their target price on SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, May 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.50.

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.