GAM Holding AG Sells 8,764 Shares of SharkNinja, Inc. (NYSE:SN)

GAM Holding AG cut its position in shares of SharkNinja, Inc. (NYSE:SN) by 8.1% in the third quarter, HoldingsChannel reports. The firm owned 100,076 shares of the company’s stock after selling 8,764 shares during the period. GAM Holding AG’s holdings in SharkNinja were worth $10,879,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SN. Signaturefd LLC boosted its stake 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 purchasing an additional 182 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in shares of SharkNinja in the 3rd quarter valued at $65,000. Headlands Technologies LLC bought a new position in shares of SharkNinja in the 1st quarter worth $66,000. Picton Mahoney Asset Management purchased a new stake in shares of SharkNinja during the 2nd quarter worth $70,000. Finally, Kessler Investment Group LLC purchased a new stake in shares of SharkNinja during the 2nd quarter worth $125,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SN. The Goldman Sachs Group increased their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on shares of SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Canaccord Genuity Group upped their price target on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Guggenheim boosted their target price on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Bank of America increased their price target on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $100.28.

SharkNinja Stock Down 0.3 %

SharkNinja stock opened at $109.50 on Wednesday. SharkNinja, Inc. has a 52 week low of $38.69 and a 52 week high of $110.96. The firm has a market cap of $15.32 billion, a price-to-earnings ratio of 62.93, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77. The business’s 50-day moving average price is $101.05 and its 200 day moving average price is $82.75. 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 announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 3.89 earnings per share for the current year.

About SharkNinja

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.