Gilder Gagnon Howe & Co. LLC Acquires 399,043 Shares of SharkNinja, Inc. $SN

Gilder Gagnon Howe & Co. LLC grew its holdings in SharkNinja, Inc. (NYSE:SN) by 79.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 900,661 shares of the company’s stock after acquiring an additional 399,043 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in SharkNinja were worth $89,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SVB Wealth LLC bought a new position in SharkNinja during the first quarter worth $36,000. New York State Teachers Retirement System acquired a new stake in SharkNinja in the 2nd quarter worth $43,000. EverSource Wealth Advisors LLC increased its holdings in shares of SharkNinja by 2,071.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock worth $69,000 after purchasing an additional 663 shares during the period. CWM LLC raised its position in shares of SharkNinja by 656.7% during the second quarter. CWM LLC now owns 787 shares of the company’s stock valued at $78,000 after buying an additional 683 shares during the last quarter. Finally, Quarry LP raised its position in shares of SharkNinja by 165.3% during the first quarter. Quarry LP now owns 1,268 shares of the company’s stock valued at $106,000 after buying an additional 790 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SN shares. Morgan Stanley set a $110.00 target price on SharkNinja in a research report on Monday, October 27th. Oppenheimer reduced their price objective on SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Zacks Research cut SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Canaccord Genuity Group upped their target price on SharkNinja from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, TD Cowen started coverage on SharkNinja in a research report on Wednesday. They issued a “buy” rating and a $135.00 target price for the company. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.50.

SharkNinja Trading Down 1.3%

SN stock opened at $112.73 on Friday. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $94.77 and its 200-day moving average is $103.10. The firm has a market cap of $15.91 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.07 and a beta of 1.46.

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.