SG Americas Securities LLC Makes New Investment in SharkNinja, Inc. $SN

SG Americas Securities LLC acquired a new stake in SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,279 shares of the company’s stock, valued at approximately $2,608,000.

Several other large investors have also recently added to or reduced their stakes in the business. Capricorn Fund Managers Ltd raised its stake in shares of SharkNinja by 16.1% in the second quarter. Capricorn Fund Managers Ltd now owns 130,000 shares of the company’s stock valued at $12,869,000 after acquiring an additional 18,000 shares in the last quarter. Ethic Inc. acquired a new stake in shares of SharkNinja in the 2nd quarter valued at $303,000. Analyst IMS Investment Management Services Ltd. lifted its position in shares of SharkNinja by 60.2% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 12,505 shares of the company’s stock worth $1,238,000 after purchasing an additional 4,700 shares during the last quarter. Strs Ohio grew its stake in shares of SharkNinja by 1,439.4% during the second quarter. Strs Ohio now owns 191,974 shares of the company’s stock worth $19,004,000 after purchasing an additional 179,503 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC grew its stake in shares of SharkNinja by 7.3% during the second quarter. Hardman Johnston Global Advisors LLC now owns 264,316 shares of the company’s stock worth $26,165,000 after purchasing an additional 18,040 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SN shares. Morgan Stanley set a $110.00 price target on SharkNinja in a report on Monday, October 27th. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald reiterated an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Zacks Research lowered shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.75.

SharkNinja Trading Up 1.8%

Shares of SN stock opened at $125.94 on Wednesday. The firm’s 50-day simple moving average is $105.21 and its 200-day simple moving average is $107.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $129.19. The firm has a market cap of $17.77 billion, a P/E ratio of 31.10, a PEG ratio of 1.93 and a beta of 1.41.

About SharkNinja

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.