Concorde Asset Management LLC Buys 667 Shares of SharkNinja, Inc. (NYSE:SN)

Concorde Asset Management LLC grew its stake in SharkNinja, Inc. (NYSE:SN) by 7.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,468 shares of the company’s stock after purchasing an additional 667 shares during the quarter. SharkNinja comprises about 0.6% of Concorde Asset Management LLC’s holdings, making the stock its 29th biggest holding. Concorde Asset Management LLC’s holdings in SharkNinja were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC raised 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. Hollencrest Capital Management bought a new position in shares of SharkNinja in the 3rd quarter worth about $54,000. Waldron Private Wealth LLC bought a new position in shares of SharkNinja in the 3rd quarter worth about $65,000. Picton Mahoney Asset Management bought a new position in shares of SharkNinja in the 2nd quarter worth about $70,000. Finally, Kessler Investment Group LLC bought a new position in shares of SharkNinja in the 2nd quarter worth about $125,000. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SN has been the subject of several research reports. Guggenheim increased their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. cut their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Morgan Stanley increased their price objective 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. Bank of America increased their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group increased their price objective 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 equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.85.

SharkNinja Stock Performance

Shares of NYSE SN opened at $100.39 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The company has a market cap of $14.05 billion, a PE ratio of 39.37, a PEG ratio of 1.63 and a beta of 1.04. The firm’s 50-day moving average price is $104.40 and its 200-day moving average price is $88.25. SharkNinja, Inc. has a 52-week low of $45.35 and a 52-week high of $112.93.

SharkNinja (NYSE:SN) last announced its 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. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 earnings per share. As a group, analysts anticipate that SharkNinja, Inc. will post 3.88 EPS for the current 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.