Braun Stacey Associates Inc. Grows Position in SharkNinja, Inc. $SN

Braun Stacey Associates Inc. grew its holdings in SharkNinja, Inc. (NYSE:SN) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,495 shares of the company’s stock after purchasing an additional 15,791 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.15% of SharkNinja worth $21,506,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in SharkNinja during the second quarter valued at about $81,983,000. Third Point LLC lifted its position in shares of SharkNinja by 118.2% during the second quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock valued at $118,788,000 after buying an additional 650,000 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in shares of SharkNinja during the second quarter valued at about $46,048,000. Voss Capital LP boosted its holdings in shares of SharkNinja by 238.6% in the 2nd quarter. Voss Capital LP now owns 575,626 shares of the company’s stock valued at $56,981,000 after buying an additional 405,626 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its position in shares of SharkNinja by 79.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 900,661 shares of the company’s stock worth $89,156,000 after buying an additional 399,043 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

NYSE:SN opened at $112.10 on Friday. 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 company has a 50 day moving average price of $100.73 and a 200-day moving average price of $105.41. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 2.03 and a beta of 1.40.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SN shares. JPMorgan Chase & Co. cut their price target on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. TD Cowen assumed coverage on SharkNinja in a research report on Wednesday, December 10th. They set a “buy” rating and a $135.00 target price on the stock. Canaccord Genuity Group raised their price target on SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Cantor Fitzgerald restated an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and a consensus price target of $133.25.

About SharkNinja

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.