Okabena Investment Services Inc. Cuts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Okabena Investment Services Inc. lessened its holdings in SharkNinja, Inc. (NYSE:SN) by 12.6% during the third quarter, Holdings Channel.com reports. The firm owned 11,919 shares of the company’s stock after selling 1,713 shares during the quarter. Okabena Investment Services Inc.’s holdings in SharkNinja were worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management purchased a new stake in SharkNinja during the third quarter worth about $54,000. Waldron Private Wealth LLC acquired a new position in SharkNinja during the third quarter worth about $65,000. Picton Mahoney Asset Management purchased a new position in SharkNinja in the second quarter valued at about $70,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of SharkNinja during the 2nd quarter valued at approximately $125,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SN. Guggenheim upped their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Bank of America raised their price target on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. decreased their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Oppenheimer initiated coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price for the company. Finally, Jefferies Financial Group upped their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.85.

SharkNinja Stock Performance

Shares of NYSE SN opened at $98.34 on Friday. The company has a 50-day simple moving average of $104.30 and a 200-day simple moving average of $88.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The company has a market cap of $13.76 billion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04. SharkNinja, Inc. has a 12 month low of $45.35 and a 12 month high of $112.93.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.95 EPS. On average, equities analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current 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.