Federated Hermes Inc. Decreases Stock Holdings in SharkNinja, Inc. $SN

Federated Hermes Inc. lowered its holdings in SharkNinja, Inc. (NYSE:SN) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 336,877 shares of the company’s stock after selling 28,683 shares during the period. Federated Hermes Inc.’s holdings in SharkNinja were worth $34,749,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Geneos Wealth Management Inc. bought a new stake in shares of SharkNinja during the 3rd quarter worth $29,000. New York State Teachers Retirement System bought a new stake in SharkNinja in the second quarter worth about $43,000. TFC Financial Management Inc. purchased a new position in SharkNinja in the third quarter valued at about $55,000. EverSource Wealth Advisors LLC grew its position 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 valued at $69,000 after acquiring an additional 663 shares during the period. Finally, CWM LLC increased its stake in shares of SharkNinja by 656.7% during the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after purchasing an additional 683 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

Shares of SN opened at $118.16 on Friday. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $129.19. The stock’s 50-day simple moving average is $114.04 and its 200 day simple moving average is $108.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.41.

Analyst Ratings Changes

Several equities analysts recently commented on SN shares. Bank of America upped their price objective on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upped their price target on SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. TD Cowen restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and a consensus target price of $137.67.

SharkNinja Company Profile

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.