Federated Hermes Inc. Sells 28,683 Shares of SharkNinja, Inc. $SN

Federated Hermes Inc. cut its stake in shares of SharkNinja, Inc. (NYSE:SN) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 336,877 shares of the company’s stock after selling 28,683 shares during the quarter. Federated Hermes Inc. owned approximately 0.24% of SharkNinja worth $34,749,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. World Investment Advisors raised its holdings in shares of SharkNinja by 3.0% during the second quarter. World Investment Advisors now owns 3,312 shares of the company’s stock valued at $328,000 after purchasing an additional 98 shares during the period. Boothe Investment Group Inc. grew its stake in shares of SharkNinja by 0.4% in the 3rd quarter. Boothe Investment Group Inc. now owns 31,666 shares of the company’s stock valued at $3,266,000 after buying an additional 127 shares during the period. Forum Financial Management LP increased its position in SharkNinja by 8.2% in the 3rd quarter. Forum Financial Management LP now owns 2,497 shares of the company’s stock valued at $258,000 after buying an additional 190 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in SharkNinja by 3.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 6,295 shares of the company’s stock worth $649,000 after buying an additional 197 shares during the period. Finally, California State Teachers Retirement System raised its stake in SharkNinja by 6.1% during the 2nd quarter. California State Teachers Retirement System now owns 4,438 shares of the company’s stock worth $439,000 after buying an additional 257 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SN. Morgan Stanley set a $110.00 price objective on SharkNinja in a research note on Monday, October 27th. Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday. Canaccord Genuity Group set a $140.00 price target on shares of SharkNinja in a research note on Thursday, January 8th. Cantor Fitzgerald reaffirmed an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Finally, Oppenheimer lifted their price objective on shares of SharkNinja from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, January 13th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.67.

SharkNinja Stock Performance

NYSE SN opened at $118.16 on Friday. The company has a fifty day moving average price of $114.04 and a 200-day moving average price of $108.66. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 1.53 and a beta of 1.41. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $129.19.

SharkNinja Profile

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.