SharkNinja, Inc. (NYSE:SN) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 9.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,540 shares of the company's stock after buying an additional 23,804 shares during the period. Bank of New York Mellon Corp owned about 0.19% of SharkNinja worth $21,982,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC boosted its position in SharkNinja by 27.1% during the 1st quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock valued at $18,633,000 after buying an additional 47,339 shares during the period. Cannell & Spears LLC purchased a new stake in shares of SharkNinja in the 4th quarter worth about $18,125,000. FMR LLC lifted its position in shares of SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares during the period. GAMMA Investing LLC lifted its position in shares of SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the period. Finally, Mawer Investment Management Ltd. lifted its position in shares of SharkNinja by 3.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock worth $28,702,000 after purchasing an additional 10,413 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SN shares. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research note on Monday, June 30th. Canaccord Genuity Group increased their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday. Guggenheim decreased their price target on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Morgan Stanley increased their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price target 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, SharkNinja currently has an average rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Trading Down 0.2%

SN stock traded down $0.19 during mid-day trading on Monday, reaching $114.87. 1,002,558 shares of the stock traded hands, compared to its average volume of 1,548,899. 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, Inc. has a one year low of $60.50 and a one year high of $123.00. The stock has a market capitalization of $16.20 billion, a PE ratio of 36.35, a PEG ratio of 2.22 and a beta of 1.66. The business has a 50-day moving average price of $97.70 and a two-hundred day moving average price of $95.26.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. The firm 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 business's revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 earnings per share. Equities research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.