DekaBank Deutsche Girozentrale Purchases Shares of 15,000 SharkNinja, Inc. (NYSE:SN)

DekaBank Deutsche Girozentrale bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,000 shares of the company's stock, valued at approximately $772,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SN. Harvest Fund Management Co. Ltd acquired a new stake in SharkNinja in the third quarter valued at approximately $42,000. Counterpoint Mutual Funds LLC bought a new stake in SharkNinja in the third quarter valued at $141,000. SG Americas Securities LLC acquired a new position in shares of SharkNinja during the third quarter valued at about $185,000. Orion Portfolio Solutions LLC acquired a new position in shares of SharkNinja during the third quarter valued at about $272,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of SharkNinja during the third quarter valued at about $335,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on SN shares. Guggenheim started coverage on shares of SharkNinja in a research report on Monday, February 5th. They issued a "buy" rating and a $60.00 price objective on the stock. Canaccord Genuity Group upped their target price on shares of SharkNinja from $68.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, April 2nd. UBS Group began coverage on shares of SharkNinja in a research note on Monday. They issued a "buy" rating and a $76.00 price target for the company. Morgan Stanley started coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They issued an "equal weight" rating and a $54.00 price target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of SharkNinja in a research note on Thursday, April 4th. They issued an "overweight" rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SharkNinja presently has an average rating of "Buy" and an average target price of 65.00.

SharkNinja Price Performance

SN stock traded up 0.83 during trading on Tuesday, hitting 62.59. 604,577 shares of the stock traded hands, compared to its average volume of 988,046. SharkNinja, Inc. has a 1 year low of 25.84 and a 1 year high of 65.61. The firm's 50 day moving average is 57.39 and its two-hundred day moving average is 50.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.69.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of 0.86 by 0.08. The firm had revenue of 1.38 billion for the quarter, compared to the consensus estimate of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The business's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. Analysts anticipate that SharkNinja, Inc. will post 3.54 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.