SPX Gestao de Recursos Ltda bought a new position in shares of SharkNinja, Inc. (NYSE:SN – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,808 shares of the company’s stock, valued at approximately $1,798,000.
A number of other large investors also recently bought and sold shares of SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of SharkNinja during the 1st quarter worth approximately $27,000. Clearstead Trust LLC purchased a new position in shares of SharkNinja during the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC lifted its stake in shares of SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the period. Transamerica Financial Advisors LLC lifted its stake in shares of SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in SharkNinja during the fourth quarter worth $38,000. 34.77% of the stock is owned by institutional investors and hedge funds.
SharkNinja Trading Down 0.7%
Shares of SharkNinja stock opened at $191.53 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $194.54. The firm has a market capitalization of $26.98 billion, a PE ratio of 39.09, a P/E/G ratio of 2.28 and a beta of 1.21. The firm’s 50-day moving average price is $163.24 and its 200 day moving average price is $132.69.
Analyst Ratings Changes
Several analysts recently commented on SN shares. Bank of America raised their price target on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Oppenheimer raised their target price on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $200.00 price target (up from $181.00) on shares of SharkNinja in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $188.59.
Get Our Latest Research Report on SharkNinja
Insider Activity
In other news, insider Neil B. Shah sold 50,000 shares of SharkNinja stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total value of $9,318,000.00. Following the sale, the insider directly owned 497,220 shares of the company’s stock, valued at $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 100,000 shares of company stock valued at $18,613,911 over the last quarter. Insiders own 40.80% of the company’s stock.
SharkNinja Company Profile
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.
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