Bank of New York Mellon Corp Sells 17,397 Shares of SharkNinja, Inc. (NYSE:SN)

Bank of New York Mellon Corp decreased its position in shares of SharkNinja, Inc. (NYSE:SN) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 239,736 shares of the company’s stock after selling 17,397 shares during the quarter. Bank of New York Mellon Corp owned about 0.17% of SharkNinja worth $23,341,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in shares of SharkNinja by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock valued at $521,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of SharkNinja by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after acquiring an additional 139 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of SharkNinja by 6.4% in the 4th quarter. Avior Wealth Management LLC now owns 5,139 shares of the company’s stock valued at $500,000 after acquiring an additional 310 shares in the last quarter. Rhumbline Advisers increased its stake in shares of SharkNinja by 0.7% in the 4th quarter. Rhumbline Advisers now owns 67,130 shares of the company’s stock valued at $6,536,000 after acquiring an additional 481 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at $54,000. Institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SN shares. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley lifted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Price Performance

SN opened at $90.57 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 2.35 and a beta of 1.24. The firm’s fifty day moving average price is $106.12 and its two-hundred day moving average price is $102.94. SharkNinja, Inc. has a 1 year low of $54.54 and a 1 year high of $123.00.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, analysts anticipate that SharkNinja, Inc. will post 4.52 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.