Silvant Capital Management LLC Has $2.84 Million Position in SharkNinja, Inc. $SN

Silvant Capital Management LLC raised its stake in SharkNinja, Inc. (NYSE:SN) by 38.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 28,668 shares of the company’s stock after buying an additional 7,928 shares during the quarter. Silvant Capital Management LLC’s holdings in SharkNinja were worth $2,838,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SN. Norges Bank acquired a new position in shares of SharkNinja in the 2nd quarter valued at $81,983,000. Third Point LLC acquired a new position in shares of SharkNinja in the first quarter valued at approximately $45,876,000. WCM Investment Management LLC increased its position in shares of SharkNinja by 159.7% during the second quarter. WCM Investment Management LLC now owns 575,867 shares of the company’s stock worth $55,571,000 after acquiring an additional 354,101 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in SharkNinja by 169.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after purchasing an additional 317,730 shares during the period. Finally, Voya Investment Management LLC lifted its stake in SharkNinja by 1,744.6% in the 1st quarter. Voya Investment Management LLC now owns 242,893 shares of the company’s stock valued at $20,260,000 after acquiring an additional 229,725 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

SN stock opened at $96.20 on Friday. The company has a market capitalization of $13.58 billion, a P/E ratio of 23.75, a PEG ratio of 1.74 and a beta of 1.51. The company has a fifty day moving average price of $94.39 and a 200-day moving average price of $102.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Morgan Stanley set a $110.00 price objective on shares of SharkNinja in a research report on Monday, October 27th. Guggenheim reaffirmed a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings cut shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.57.

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.