Blueshift Asset Management LLC Grows Stock Position in SharkNinja, Inc. $SN

Blueshift Asset Management LLC increased its stake in SharkNinja, Inc. (NYSE:SN) by 34.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,577 shares of the company’s stock after acquiring an additional 2,440 shares during the period. Blueshift Asset Management LLC’s holdings in SharkNinja were worth $948,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SN. Harbour Investments Inc. lifted its position in SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 406 shares during the last quarter. SVB Wealth LLC bought a new position in shares of SharkNinja in the first quarter worth approximately $36,000. New York State Teachers Retirement System purchased a new position in shares of SharkNinja in the second quarter worth $43,000. CWM LLC increased its stake in shares of SharkNinja by 656.7% in the second quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after buying an additional 683 shares during the period. Finally, Covestor Ltd raised its holdings in SharkNinja by 96.0% during the 1st quarter. Covestor Ltd now owns 1,258 shares of the company’s stock valued at $105,000 after buying an additional 616 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Performance

Shares of SN opened at $101.25 on Tuesday. The company has a 50-day simple moving average of $93.88 and a two-hundred day simple moving average of $102.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. The firm has a market capitalization of $14.29 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.77 and a beta of 1.46. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $128.51.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group raised their price target on shares of SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Weiss Ratings cut SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley set a $110.00 price objective on SharkNinja in a report on Monday, October 27th. Finally, Zacks Research lowered SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and a consensus target price of $127.57.

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.