Thompson Davis & CO. Inc. Takes Position in SharkNinja, Inc. (NYSE:SN)

Thompson Davis & CO. Inc. acquired a new position in shares of SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,400 shares of the company’s stock, valued at approximately $261,000.

Other large investors have also recently modified their holdings of the company. abrdn plc boosted its holdings in SharkNinja by 17.8% in the third quarter. abrdn plc now owns 419,660 shares of the company’s stock worth $45,621,000 after acquiring an additional 63,299 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of SharkNinja in the 3rd quarter valued at approximately $11,942,000. Harbor Capital Advisors Inc. raised its position in shares of SharkNinja by 1,218.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 89,967 shares of the company’s stock valued at $9,780,000 after purchasing an additional 83,141 shares during the last quarter. Baillie Gifford & Co. boosted its stake in SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock worth $198,464,000 after purchasing an additional 1,797,578 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in SharkNinja during the 3rd quarter worth approximately $23,874,000. Institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Jefferies Financial Group raised their target price on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Bank of America boosted their price target on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Canaccord Genuity Group increased their price objective on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted their target price on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.85.

SharkNinja Stock Down 0.5 %

Shares of SN stock opened at $98.94 on Wednesday. SharkNinja, Inc. has a twelve month low of $44.97 and a twelve month high of $112.93. The stock has a market cap of $13.85 billion, a P/E ratio of 38.80, a P/E/G ratio of 1.67 and a beta of 1.04. The stock has a 50 day moving average of $104.50 and a 200 day moving average of $88.11. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 33.3% on a year-over-year basis. As a group, sell-side analysts expect that SharkNinja, Inc. will post 3.88 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.