New York State Common Retirement Fund Buys Shares of 57,171 SharkNinja, Inc. (NYSE:SN)

New York State Common Retirement Fund purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 57,171 shares of the company’s stock, valued at approximately $2,925,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of SharkNinja in a research report on Thursday, April 4th. They issued an “overweight” rating and a $70.00 price objective for the company. 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 on the stock. UBS Group began coverage on SharkNinja in a research report on Monday, April 15th. They issued a “buy” rating and a $76.00 price objective for the company. The Goldman Sachs Group boosted their target price on SharkNinja from $59.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Canaccord Genuity Group raised their price target on SharkNinja from $68.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of 67.14.

SharkNinja Stock Performance

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

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The firm had revenue of 1.38 billion during the quarter, compared to the consensus estimate of 1.31 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, research analysts forecast that SharkNinja, Inc. will post 3.54 EPS for the current year.

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.