The Manufacturers Life Insurance Company Buys Shares of 2,493 SharkNinja, Inc. (NYSE:SN)

The Manufacturers Life Insurance Company purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,493 shares of the company’s stock, valued at approximately $271,000.

Other large investors also recently modified their holdings of the company. Signaturefd LLC raised its stake in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares during the last quarter. Hollencrest Capital Management bought a new position in shares of SharkNinja during the 3rd quarter worth about $54,000. Waldron Private Wealth LLC bought a new position in shares of SharkNinja during the 3rd quarter worth about $65,000. Picton Mahoney Asset Management acquired a new position in shares of SharkNinja during the second quarter valued at about $70,000. Finally, Magnetar Financial LLC bought a new stake in shares of SharkNinja in the second quarter valued at about $233,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SN has been the topic of several research reports. JPMorgan Chase & Co. lowered their price target on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Oppenheimer initiated coverage on SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective on the stock. Canaccord Genuity Group upped 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 shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group increased their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.39.

SharkNinja Stock Up 2.0 %

SN opened at $101.66 on Tuesday. The firm has a market cap of $14.23 billion, a price-to-earnings ratio of 39.87, a PEG ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja, Inc. has a twelve month low of $45.85 and a twelve month high of $112.93. The firm’s 50-day simple moving average is $102.35 and its 200-day simple moving average is $91.72.

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