Versor Investments LP Boosts Holdings in SharkNinja, Inc. $SN

Versor Investments LP raised its holdings in SharkNinja, Inc. (NYSE:SN) by 386.0% during the 3rd quarter, Holdings Channel reports. The firm owned 18,921 shares of the company’s stock after purchasing an additional 15,028 shares during the quarter. SharkNinja comprises 0.4% of Versor Investments LP’s investment portfolio, making the stock its 29th biggest holding. Versor Investments LP’s holdings in SharkNinja were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada increased its position in SharkNinja by 21.8% during the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock worth $5,995,000 after purchasing an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of SharkNinja in the 1st quarter valued at about $369,000. Goldman Sachs Group Inc. grew its holdings in shares of SharkNinja by 169.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after purchasing an additional 317,730 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in SharkNinja by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after purchasing an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in SharkNinja in the first quarter valued at approximately $656,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Up 2.1%

Shares of SharkNinja stock opened at $119.21 on Tuesday. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $129.19. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. The firm has a market cap of $16.83 billion, a P/E ratio of 29.43, a P/E/G ratio of 1.49 and a beta of 1.41. The business has a 50-day moving average price of $116.65 and a 200 day moving average price of $108.65.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SN shares. Cantor Fitzgerald reiterated an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Guggenheim upped their price target on shares of SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. TD Cowen reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, January 14th. Canaccord Genuity Group set a $140.00 target price on SharkNinja in a research report on Thursday, January 8th. Finally, Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of $137.67.

SharkNinja 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.