GAM Holding AG Has $11.15 Million Holdings in SharkNinja, Inc. (NYSE:SN)

GAM Holding AG lifted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,479 shares of the company’s stock after acquiring an additional 14,403 shares during the quarter. GAM Holding AG owned approximately 0.08% of SharkNinja worth $11,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of SN. State Street Corp raised its stake in shares of SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after purchasing an additional 101,020 shares during the last quarter. Tidal Investments LLC raised its position in shares of SharkNinja by 38.7% in the third quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after buying an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of SharkNinja in the 3rd quarter worth $5,832,000. abrdn plc raised its holdings in shares of SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after buying an additional 63,299 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in SharkNinja during the third quarter valued at about $11,942,000. Institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SN shares. Jefferies Financial Group lifted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group upped their price objective on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Morgan Stanley increased their target price on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

SharkNinja Trading Down 3.6 %

Shares of SharkNinja stock opened at $110.32 on Tuesday. 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 firm has a market capitalization of $15.44 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 1.74 and a beta of 1.13. The stock has a 50 day moving average of $105.08 and a 200 day moving average of $101.26. SharkNinja, Inc. has a fifty-two week low of $49.86 and a fifty-two week high of $123.00.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. As a group, research analysts predict that SharkNinja, Inc. will post 3.91 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.