SharkNinja, Inc. $SN Shares Newly Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS bought a new position in shares of SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,350 shares of the company’s stock, valued at approximately $603,000.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in SharkNinja by 108.2% in the 3rd quarter. IFP Advisors Inc now owns 177 shares of the company’s stock valued at $32,000 after purchasing an additional 92 shares during the last quarter. Clearstead Trust LLC acquired a new position in shares of SharkNinja during the second quarter worth $30,000. Richardson Financial Services Inc. lifted its stake in shares of SharkNinja by 36.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 199 shares of the company’s stock valued at $36,000 after acquiring an additional 53 shares during the last quarter. Latitude Advisors LLC bought a new position in shares of SharkNinja in the 3rd quarter valued at $37,000. Finally, Timbuktu Capital Management LLC acquired a new stake in shares of SharkNinja during the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SN shares. TD Cowen boosted their price objective on SharkNinja from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. UBS Group reiterated a “buy” rating and issued a $219.10 target price on shares of SharkNinja in a research report on Wednesday, August 12th. BTIG Research lifted their price target on SharkNinja from $245.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Guggenheim lifted their price target on SharkNinja from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Monday. Finally, Weiss Ratings upgraded 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 MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $211.39.

SharkNinja Stock Performance

NYSE:SN opened at $226.53 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.04. SharkNinja, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $232.76. The company has a 50 day simple moving average of $187.48 and a two-hundred day simple moving average of $146.06. The company has a market capitalization of $31.92 billion, a PE ratio of 38.01, a P/E/G ratio of 2.51 and a beta of 1.20.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.44. SharkNinja had a net margin of 11.64% and a return on equity of 28.84%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company earned $1.50 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Research analysts anticipate that SharkNinja, Inc. will post 5.93 earnings per share for the current year.

Insider Buying and Selling

In other SharkNinja news, insider Neil Shah sold 40,000 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $223.45, for a total transaction of $8,938,000.00. Following the sale, the insider owned 457,220 shares of the company’s stock, valued at approximately $102,165,809. This represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 40.80% of the company’s stock.

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.