SG Americas Securities LLC Has $541,000 Holdings in SharkNinja, Inc. (NYSE:SN)

SG Americas Securities LLC boosted its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 270.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,489 shares of the company's stock after purchasing an additional 4,737 shares during the period. SG Americas Securities LLC's holdings in SharkNinja were worth $541,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its stake in shares of SharkNinja by 1.2% in the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock worth $1,282,000 after purchasing an additional 154 shares during the last quarter. GAMMA Investing LLC boosted its holdings in SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after buying an additional 155 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in SharkNinja by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock worth $2,833,000 after buying an additional 180 shares in the last quarter. CIBC Asset Management Inc grew its position in SharkNinja by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock worth $413,000 after buying an additional 219 shares during the last quarter. Finally, Zacks Investment Management increased its holdings in shares of SharkNinja by 1.6% in the fourth quarter. Zacks Investment Management now owns 15,879 shares of the company's stock valued at $1,546,000 after buying an additional 257 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

SharkNinja Stock Up 0.9%

NYSE SN traded up $0.88 during trading on Thursday, reaching $94.25. 1,428,447 shares of the company's stock were exchanged, compared to its average volume of 1,523,033. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The company's fifty day simple moving average is $89.05 and its 200-day simple moving average is $94.23. The firm has a market capitalization of $13.29 billion, a PE ratio of 29.82, a P/E/G ratio of 1.80 and a beta of 1.70.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 firm's revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. Sell-side analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current 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.