SharkNinja, Inc. $SN Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 33.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,078 shares of the company’s stock after selling 38,268 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of SharkNinja worth $7,744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SN. World Investment Advisors boosted its stake in shares of SharkNinja by 3.0% during the second quarter. World Investment Advisors now owns 3,312 shares of the company’s stock valued at $328,000 after acquiring an additional 98 shares during the last quarter. Boothe Investment Group Inc. lifted its stake in shares of SharkNinja by 0.4% in the 3rd quarter. Boothe Investment Group Inc. now owns 31,666 shares of the company’s stock valued at $3,266,000 after purchasing an additional 127 shares in the last quarter. Forum Financial Management LP increased its position in shares of SharkNinja by 8.2% in the third quarter. Forum Financial Management LP now owns 2,497 shares of the company’s stock worth $258,000 after acquiring an additional 190 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of SharkNinja by 3.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 6,295 shares of the company’s stock valued at $649,000 after buying an additional 197 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of SharkNinja by 6.1% during the 2nd quarter. California State Teachers Retirement System now owns 4,438 shares of the company’s stock valued at $439,000 after buying an additional 257 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Trading Down 2.9%

Shares of SN stock opened at $115.99 on Thursday. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $129.19. The firm has a market capitalization of $16.37 billion, a PE ratio of 28.64, a PEG ratio of 1.53 and a beta of 1.41. The stock has a fifty day simple moving average of $115.58 and a two-hundred day simple moving average of $108.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. TD Cowen reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Morgan Stanley set a $110.00 price objective on shares of SharkNinja in a report on Monday, October 27th. Canaccord Genuity Group set a $140.00 target price on SharkNinja in a research note on Thursday, January 8th. Finally, Cantor Fitzgerald reaffirmed an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average price target 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.