SharkNinja, Inc. $SN Shares Bought by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 8.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,495 shares of the company’s stock after purchasing an additional 15,791 shares during the quarter. Braun Stacey Associates Inc.’s holdings in SharkNinja were worth $21,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors raised its stake in shares of SharkNinja by 3.0% during the 2nd quarter. World Investment Advisors now owns 3,312 shares of the company’s stock worth $328,000 after buying an additional 98 shares during the period. California State Teachers Retirement System raised its position in SharkNinja by 6.1% during the second quarter. California State Teachers Retirement System now owns 4,438 shares of the company’s stock worth $439,000 after acquiring an additional 257 shares during the period. PNC Financial Services Group Inc. lifted its holdings in SharkNinja by 6.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,747 shares of the company’s stock valued at $569,000 after purchasing an additional 337 shares in the last quarter. Assetmark Inc. grew its position in shares of SharkNinja by 7.1% in the second quarter. Assetmark Inc. now owns 6,117 shares of the company’s stock valued at $606,000 after purchasing an additional 404 shares during the period. Finally, Scotia Capital Inc. increased its stake in shares of SharkNinja by 1.6% during the second quarter. Scotia Capital Inc. now owns 27,661 shares of the company’s stock worth $2,738,000 after purchasing an additional 426 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Trading Down 1.4%

Shares of SharkNinja stock opened at $112.10 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $100.73 and its 200-day simple moving average is $105.41. The stock has a market cap of $15.82 billion, a P/E ratio of 27.68, a P/E/G ratio of 2.03 and a beta of 1.40. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51.

Wall Street Analyst Weigh In

SN has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. TD Cowen began coverage on SharkNinja in a research note on Wednesday, December 10th. They issued a “buy” rating and a $135.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research report on Monday. Finally, Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.25.

About SharkNinja

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.