SharkNinja, Inc. (NYSE:SN) Shares Sold by Okabena Investment Services Inc.

Okabena Investment Services Inc. lowered its stake in SharkNinja, Inc. (NYSE:SN) by 12.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,919 shares of the company’s stock after selling 1,713 shares during the period. Okabena Investment Services Inc.’s holdings in SharkNinja were worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. William Blair Investment Management LLC purchased a new position in SharkNinja in the second quarter worth approximately $190,482,000. Baillie Gifford & Co. lifted its position in shares of SharkNinja by 6,408.9% during 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 during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of SharkNinja by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock worth $127,450,000 after purchasing an additional 380,926 shares in the last quarter. Jericho Capital Asset Management L.P. purchased a new position in SharkNinja in the first quarter valued at $62,309,000. Finally, Dimensional Fund Advisors LP raised its stake in SharkNinja by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company’s stock valued at $56,401,000 after buying an additional 14,140 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Trading Down 2.1 %

NYSE SN opened at $98.34 on Friday. The firm’s fifty day moving average is $104.30 and its two-hundred day moving average is $88.62. SharkNinja, Inc. has a one year low of $45.35 and a one year high of $112.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The firm has a market cap of $13.76 billion, a PE ratio of 38.56, a P/E/G ratio of 1.66 and a beta of 1.04.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their price target on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group boosted their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Guggenheim increased their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Morgan Stanley boosted their price target on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average price target of $110.85.

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.