1,752 Shares in SharkNinja, Inc. (NYSE:SN) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,752 shares of the company’s stock, valued at approximately $171,000.

A number of other hedge funds also recently made changes to their positions in SN. State Street Corp grew its position in SharkNinja by 17.8% during the third quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after acquiring an additional 101,020 shares during the period. Tidal Investments LLC grew its holdings in shares of SharkNinja by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after purchasing an additional 5,416 shares during the period. Lord Abbett & CO. LLC acquired a new stake in SharkNinja during the 3rd quarter worth approximately $5,832,000. abrdn plc raised its holdings in SharkNinja by 17.8% in the third quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after buying an additional 63,299 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in SharkNinja during the third quarter valued at approximately $11,942,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of SN stock opened at $113.92 on Monday. The firm has a fifty day moving average of $103.91 and a two-hundred day moving average of $99.56. The firm has a market cap of $15.94 billion, a P/E ratio of 44.68, a P/E/G ratio of 1.74 and a beta of 1.13. SharkNinja, Inc. has a 1-year low of $48.05 and a 1-year high of $115.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95.

Analyst Ratings Changes

Several research firms have recently issued reports on SN. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Jefferies Financial Group raised their price objective on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. upped their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. The Goldman Sachs Group raised their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley upped their price target on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.28.

About SharkNinja

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.