GAM Holding AG Increases Stake in SharkNinja, Inc. (NYSE:SN)

GAM Holding AG raised its stake in shares of SharkNinja, Inc. (NYSE:SN) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,624 shares of the company’s stock after buying an additional 3,145 shares during the quarter. GAM Holding AG owned about 0.08% of SharkNinja worth $9,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SN. FMR LLC grew its holdings in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company’s stock valued at $1,603,311,000 after buying an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC grew its holdings in SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock valued at $699,021,000 after buying an additional 2,155,136 shares in the last quarter. Norges Bank purchased a new stake in SharkNinja during the 4th quarter valued at approximately $100,845,000. Palestra Capital Management LLC grew its holdings in SharkNinja by 83.4% during the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company’s stock valued at $173,377,000 after buying an additional 809,960 shares in the last quarter. Finally, Greenvale Capital LLP purchased a new stake in SharkNinja during the 4th quarter valued at approximately $73,020,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Trading Up 1.8%

SN stock opened at $90.72 on Friday. The firm has a fifty day moving average price of $87.52 and a 200 day moving average price of $94.47. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97. The firm has a market cap of $12.80 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 1.72 and a beta of 1.70.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.73 by $0.14. The company 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%. SharkNinja’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 earnings per share. Sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SN shares. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the company a “buy” rating in a report on Friday, May 9th. Guggenheim cut their target price on shares of SharkNinja from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, May 9th. Morgan Stanley raised their target price on shares of SharkNinja from $85.00 to $101.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. JPMorgan Chase & Co. cut their target price on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, Oppenheimer raised their target price on shares of SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, May 9th. One equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.50.

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.