Deutsche Bank AG Increases Holdings in SharkNinja, Inc. (NYSE:SN)

Deutsche Bank AG boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 35.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,084 shares of the company’s stock after purchasing an additional 102,495 shares during the period. Deutsche Bank AG owned about 0.28% of SharkNinja worth $38,271,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SN. Voya Investment Management LLC lifted its position in shares of SharkNinja by 1.2% in the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company’s stock worth $1,282,000 after purchasing an additional 154 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of SharkNinja by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company’s stock worth $2,833,000 after purchasing an additional 180 shares during the period. CIBC Asset Management Inc lifted its position in shares of SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock worth $413,000 after purchasing an additional 219 shares during the period. Zacks Investment Management lifted its position in shares of SharkNinja by 1.6% in the 4th quarter. Zacks Investment Management now owns 15,879 shares of the company’s stock worth $1,546,000 after purchasing an additional 257 shares during the period. Finally, Avior Wealth Management LLC lifted its position in shares of SharkNinja by 6.4% in the 4th quarter. Avior Wealth Management LLC now owns 5,139 shares of the company’s stock worth $500,000 after purchasing an additional 310 shares during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

SN has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Oppenheimer upped their price target on SharkNinja from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Jefferies Financial Group upped their price target on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Guggenheim reduced their price target on SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, Canaccord Genuity Group upped their price target on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.50.

SharkNinja Stock Up 3.4%

SN stock opened at $102.35 on Wednesday. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The firm has a market cap of $14.36 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The business has a 50 day moving average of $82.21 and a 200 day moving average of $95.84.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $1.06 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts forecast that SharkNinja, Inc. will post 4.52 EPS 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.