Assetmark Inc. Takes $527,000 Position in SharkNinja, Inc. (NYSE:SN)

Assetmark Inc. purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,850 shares of the company’s stock, valued at approximately $527,000.

A number of other large investors have also bought and sold shares of SN. SG Americas Securities LLC raised its stake in SharkNinja by 9.4% during the 1st quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock worth $275,000 after buying an additional 380 shares during the period. Sei Investments Co. grew its holdings in SharkNinja by 96.4% during the first quarter. Sei Investments Co. now owns 53,841 shares of the company’s stock worth $3,354,000 after purchasing an additional 26,432 shares during the period. Headlands Technologies LLC bought a new position in SharkNinja during the first quarter worth about $66,000. Vanguard Group Inc. grew its holdings in SharkNinja by 8.6% during the first quarter. Vanguard Group Inc. now owns 55,735 shares of the company’s stock worth $3,472,000 after purchasing an additional 4,411 shares during the period. Finally, Seven Eight Capital LP lifted its position in SharkNinja by 105.9% during the first quarter. Seven Eight Capital LP now owns 22,691 shares of the company’s stock worth $1,413,000 after acquiring an additional 11,672 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SN. The Goldman Sachs Group lifted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Jefferies Financial Group upped their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group upped their price target on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America upped their price target on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.85.

SharkNinja Stock Performance

NYSE:SN opened at $100.88 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a 12-month low of $43.25 and a 12-month high of $112.93. The stock has a 50-day moving average price of $104.27 and a 200 day moving average price of $87.06. The stock has a market capitalization of $14.12 billion, a P/E ratio of 39.72, a P/E/G ratio of 1.69 and a beta of 1.04.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. SharkNinja’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

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.