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

GAM Holding AG lifted its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,624 shares of the company's stock after buying an additional 3,145 shares during the period. GAM Holding AG owned approximately 0.08% of SharkNinja worth $9,811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SN. GAMMA Investing LLC lifted its stake in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after acquiring an additional 155 shares during the period. Quarry LP bought a new position in SharkNinja in the 4th quarter worth $47,000. Continuum Advisory LLC lifted its position in shares of SharkNinja by 6,875.0% in the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after purchasing an additional 550 shares during the period. Covestor Ltd boosted its stake in shares of SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after purchasing an additional 475 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC increased its position in shares of SharkNinja by 200.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after buying an additional 1,000 shares during the period. Institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

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

SharkNinja Stock Performance

NYSE:SN traded up $2.75 during mid-day trading on Tuesday, reaching $94.50. The company's stock had a trading volume of 1,894,299 shares, compared to its average volume of 1,516,195. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The stock has a market cap of $13.33 billion, a P/E ratio of 29.91, a PEG ratio of 1.75 and a beta of 1.70. The firm's fifty day moving average price is $87.86 and its two-hundred day moving average price is $94.28. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. On average, equities analysts forecast that SharkNinja, Inc. will post 4.52 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.