Amalgamated Bank Raises Stake in SharkNinja, Inc. (NYSE:SN)

Amalgamated Bank boosted its position in SharkNinja, Inc. (NYSE:SN) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,618 shares of the company’s stock after buying an additional 896 shares during the period. Amalgamated Bank’s holdings in SharkNinja were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SN. Stephens Inc. AR purchased a new stake in SharkNinja in the third quarter valued at approximately $272,000. Robeco Institutional Asset Management B.V. purchased a new stake in SharkNinja in the third quarter valued at approximately $11,942,000. KG&L Capital Management LLC purchased a new stake in SharkNinja in the third quarter valued at approximately $404,000. Hollencrest Capital Management purchased a new stake in SharkNinja in the third quarter valued at approximately $54,000. Finally, Assetmark Inc. purchased a new stake in SharkNinja in the third quarter valued at approximately $527,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Down 5.1 %

NYSE SN opened at $94.28 on Wednesday. The business has a fifty day moving average price of $106.45 and a 200 day moving average price of $102.90. SharkNinja, Inc. has a one year low of $54.54 and a one year high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The company has a market cap of $13.19 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.35 and a beta of 1.13.

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

Analyst Ratings Changes

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

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.