SharkNinja, Inc. (NYSE:SN) Shares Bought by abrdn plc

abrdn plc increased its stake in SharkNinja, Inc. (NYSE:SN) by 17.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 419,660 shares of the company’s stock after acquiring an additional 63,299 shares during the quarter. abrdn plc owned approximately 0.30% of SharkNinja worth $45,621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after acquiring an additional 182 shares during the period. SG Americas Securities LLC raised its stake in SharkNinja by 9.4% during the 1st quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock valued at $275,000 after purchasing an additional 380 shares during the period. Waldron Private Wealth LLC acquired a new stake in SharkNinja during the 3rd quarter valued at $65,000. Picton Mahoney Asset Management purchased a new stake in shares of SharkNinja in the second quarter valued at $70,000. Finally, Fortis Group Advisors LLC boosted its position in shares of SharkNinja by 11.4% in the third quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock worth $1,043,000 after buying an additional 980 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

SN stock opened at $110.92 on Thursday. The firm has a 50 day moving average of $103.38 and a two-hundred day moving average of $84.57. SharkNinja, Inc. has a 12 month low of $40.27 and a 12 month high of $112.93. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 63.75, a P/E/G ratio of 1.90 and a beta of 0.77. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. SharkNinja’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. As a group, equities analysts anticipate that SharkNinja, Inc. will post 3.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SN. Bank of America upped 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. Oppenheimer initiated coverage on SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price on the stock. Guggenheim raised their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Jefferies Financial Group increased their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and an average price target of $109.05.

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.