Kessler Investment Group LLC Sells 405 Shares of SharkNinja, Inc. (NYSE:SN)

Kessler Investment Group LLC lessened its stake in shares of SharkNinja, Inc. (NYSE:SN) by 32.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 841 shares of the company’s stock after selling 405 shares during the period. Kessler Investment Group LLC’s holdings in SharkNinja were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in shares of SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after buying an additional 3,321,684 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of SharkNinja by 6,408.9% during the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after buying an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of SharkNinja during the 3rd quarter valued at about $114,878,000. State Street Corp raised its position in shares of SharkNinja by 17.8% during the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after buying an additional 101,020 shares in the last quarter. Finally, abrdn plc raised its position 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. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of NYSE:SN opened at $110.32 on Friday. The firm has a market cap of $15.44 billion, a PE ratio of 43.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The firm’s 50 day simple moving average is $104.69 and its 200-day simple moving average is $100.45. SharkNinja, Inc. has a one year low of $49.86 and a one year high of $123.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. As a group, equities analysts predict that SharkNinja, Inc. will post 3.91 EPS for the current year.

Analysts Set New Price Targets

SN has been the topic of several recent research reports. Morgan Stanley upped their target price on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday. Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja 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.