Concorde Asset Management LLC Buys 667 Shares of SharkNinja, Inc. (NYSE:SN)

Concorde Asset Management LLC increased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 7.6% in the third quarter, Holdings Channel.com reports. The fund owned 9,468 shares of the company’s stock after purchasing an additional 667 shares during the period. SharkNinja comprises about 0.6% of Concorde Asset Management LLC’s holdings, making the stock its 29th biggest position. Concorde Asset Management LLC’s holdings in SharkNinja were worth $1,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SN. Vanguard Group Inc. boosted its position in shares of SharkNinja by 8.6% during the first quarter. Vanguard Group Inc. now owns 55,735 shares of the company’s stock worth $3,472,000 after acquiring an additional 4,411 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in SharkNinja during the first quarter valued at $494,000. Hood River Capital Management LLC purchased a new stake in SharkNinja during the first quarter valued at $38,290,000. Sandia Investment Management LP raised its stake in SharkNinja by 50.0% during the first quarter. Sandia Investment Management LP now owns 7,500 shares of the company’s stock valued at $467,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new stake in SharkNinja during the first quarter valued at $62,309,000. Institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

SN has been the topic of a number of recent research reports. Bank of America upped their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. reduced their target price on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Jefferies Financial Group upped their price target on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Oppenheimer started coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. Finally, The Goldman Sachs Group increased their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $110.85.

SharkNinja Stock Up 5.4 %

NYSE:SN opened at $100.39 on Friday. SharkNinja, Inc. has a fifty-two week low of $45.35 and a fifty-two week high of $112.93. The stock has a market capitalization of $14.05 billion, a P/E ratio of 39.37, a P/E/G ratio of 1.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company’s 50-day simple moving average is $104.40 and its 200-day simple moving average is $88.25.

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