Summit Partners Public Asset Management LLC Has $21.05 Million Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Summit Partners Public Asset Management LLC lifted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 18.9% during the 3rd quarter, Holdings Channel reports. The firm owned 193,591 shares of the company’s stock after purchasing an additional 30,813 shares during the quarter. Summit Partners Public Asset Management LLC’s holdings in SharkNinja were worth $21,045,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. abrdn plc grew 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 purchasing an additional 63,299 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in shares of SharkNinja in the 3rd quarter valued at about $11,942,000. Advisors Asset Management Inc. increased its position in SharkNinja by 50.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 19,817 shares of the company’s stock valued at $2,154,000 after buying an additional 6,662 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in SharkNinja by 1,218.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 89,967 shares of the company’s stock worth $9,780,000 after buying an additional 83,141 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in SharkNinja by 6,408.9% in the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock worth $198,464,000 after acquiring an additional 1,797,578 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Canaccord Genuity Group boosted 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. Jefferies Financial Group upped their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Guggenheim lifted their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. Oppenheimer initiated coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price for the company. Finally, The Goldman Sachs Group raised their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $116.39.

SharkNinja Trading Down 1.2 %

NYSE:SN opened at $98.07 on Friday. SharkNinja, Inc. has a 52 week low of $45.35 and a 52 week high of $112.93. The firm has a 50-day moving average price of $103.89 and a two-hundred day moving average price of $89.31. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67.

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

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.