Victory Capital Management Inc. Sells 127 Shares of SharkNinja, Inc. (NYSE:SN)

Victory Capital Management Inc. reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,841 shares of the company’s stock after selling 127 shares during the period. Victory Capital Management Inc.’s holdings in SharkNinja were worth $852,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC grew its holdings in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after acquiring an additional 182 shares during the period. Hollencrest Capital Management acquired a new stake in shares of SharkNinja in the 3rd quarter valued at about $54,000. Waldron Private Wealth LLC acquired a new stake in shares of SharkNinja in the 3rd quarter valued at about $65,000. Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja in the 2nd quarter valued at about $70,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of SharkNinja in the 2nd quarter valued at about $125,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SN. Canaccord Genuity Group raised their target price on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley lifted their price target on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their target price 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. Jefferies Financial Group lifted their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Oppenheimer initiated coverage on shares of SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average target price of $110.85.

SharkNinja Stock Down 1.2 %

SN opened at $98.07 on Thursday. SharkNinja, Inc. has a one year low of $45.35 and a one year high of $112.93. The company has a fifty day moving average price of $104.06 and a 200-day moving average price of $89.25. The firm has a market capitalization of $13.72 billion, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. Equities research analysts expect that SharkNinja, Inc. will post 3.88 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.