Pinnacle Associates Ltd. Has $1.26 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

Pinnacle Associates Ltd. lessened its position in SharkNinja, Inc. (NYSE:SN) by 45.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,615 shares of the company’s stock after selling 9,770 shares during the period. Pinnacle Associates Ltd.’s holdings in SharkNinja were worth $1,263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SN. Signaturefd LLC increased its holdings in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $65,000. Headlands Technologies LLC bought a new stake in shares of SharkNinja in the 1st quarter valued at about $66,000. Picton Mahoney Asset Management bought a new stake in shares of SharkNinja in the 2nd quarter valued at about $70,000. Finally, Kessler Investment Group LLC bought a new stake in shares of SharkNinja in the 2nd quarter valued at about $125,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Ratings Changes

SN has been the topic of a number of analyst reports. Bank of America upped their price target on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. The Goldman Sachs Group upped their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Morgan Stanley upped their target price on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. cut their target price on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group upped their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $110.85.

SharkNinja Stock Down 3.4 %

SN stock opened at $89.11 on Friday. The stock’s 50 day simple moving average is $103.41 and its 200 day simple moving average is $84.82. SharkNinja, Inc. has a fifty-two week low of $41.12 and a fifty-two week high of $112.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. The company has a market cap of $12.47 billion, a P/E ratio of 51.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. On average, research analysts expect that SharkNinja, Inc. will post 3.9 earnings per share for the current fiscal year.

SharkNinja Company 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.