GAM Holding AG Buys 3,145 Shares of SharkNinja, Inc. (NYSE:SN)

GAM Holding AG lifted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,624 shares of the company's stock after acquiring an additional 3,145 shares during the quarter. GAM Holding AG owned approximately 0.08% of SharkNinja worth $9,811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SN. GAMMA Investing LLC raised its holdings in SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares during the period. Quarry LP purchased a new stake in shares of SharkNinja during the fourth quarter worth about $47,000. Continuum Advisory LLC raised its stake in SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares during the period. Covestor Ltd lifted its holdings in SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after purchasing an additional 475 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC lifted its holdings in SharkNinja by 200.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after purchasing an additional 1,000 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SN shares. Guggenheim cut their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. Morgan Stanley upped their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Oppenheimer lifted their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, The Goldman Sachs Group increased their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, SharkNinja presently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Price Performance

SN stock traded up $1.56 during trading on Friday, hitting $90.72. 1,652,652 shares of the company's stock traded hands, compared to its average volume of 1,514,973. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 1.75 and a beta of 1.70. The business has a fifty day simple moving average of $87.52 and a 200 day simple moving average of $94.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The business's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 EPS. As a group, research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

SharkNinja 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.