26,000 Shares of SharkNinja, Inc. $SN Bought by JW Asset Management LLC

JW Asset Management LLC purchased a new position in SharkNinja, Inc. (NYSE:SN) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,000 shares of the company’s stock, valued at approximately $4,683,000. SharkNinja comprises about 1.9% of JW Asset Management LLC’s holdings, making the stock its 7th largest holding.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp lifted its position in SharkNinja by 27.3% during the 3rd quarter. Fifth Third Bancorp now owns 648 shares of the company’s stock worth $117,000 after acquiring an additional 139 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in SharkNinja by 19.9% during the 3rd quarter. New Mexico Educational Retirement Board now owns 17,500 shares of the company’s stock valued at $3,152,000 after purchasing an additional 2,900 shares during the period. Maryland State Retirement & Pension System grew its holdings in SharkNinja by 20.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 4,978 shares of the company’s stock valued at $897,000 after buying an additional 849 shares during the last quarter. Jefferies Financial Group Inc. grew its holdings in SharkNinja by 110.0% in the 3rd quarter. Jefferies Financial Group Inc. now owns 8,000 shares of the company’s stock valued at $1,441,000 after buying an additional 87,798 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in SharkNinja by 0.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 48,572 shares of the company’s stock valued at $8,749,000 after buying an additional 158 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

Insider Buying and Selling

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the transaction, the insider owned 497,220 shares in the company, valued at $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 40.80% of the stock is currently owned by corporate insiders.

SharkNinja Trading Down 2.9%

Shares of SN stock opened at $220.43 on Friday. SharkNinja, Inc. has a 52-week low of $83.21 and a 52-week high of $232.76. The stock has a market cap of $31.06 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 2.50 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.04. The firm has a fifty day moving average of $189.44 and a 200-day moving average of $147.06.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.44. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. SharkNinja had a net margin of 11.64% and a return on equity of 28.84%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. On average, equities research analysts forecast that SharkNinja, Inc. will post 5.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

SN has been the subject of several research reports. Guggenheim increased their price objective on SharkNinja from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group restated a “buy” rating and issued a $204.00 price objective on shares of SharkNinja in a research note on Thursday, August 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 target price on shares of SharkNinja in a research report on Wednesday, November 4th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised shares of SharkNinja from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Fourteen research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of “Buy” and an average price target of $211.39.

SharkNinja Company Profile

SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels. The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.