SharkNinja, Inc. $SN is Milestone Resources Group Ltd’s 9th Largest Position

Milestone Resources Group Ltd boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 117.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 415,165 shares of the company’s stock after purchasing an additional 223,918 shares during the quarter. SharkNinja comprises 2.2% of Milestone Resources Group Ltd’s portfolio, making the stock its 9th biggest holding. Milestone Resources Group Ltd owned 0.29% of SharkNinja worth $42,824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in SharkNinja during the 3rd quarter valued at approximately $29,000. New York State Teachers Retirement System bought a new position in shares of SharkNinja during the second quarter worth $43,000. TFC Financial Management Inc. purchased a new position in SharkNinja during the third quarter valued at $55,000. EverSource Wealth Advisors LLC grew its stake in SharkNinja by 2,071.9% during the second quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock valued at $69,000 after acquiring an additional 663 shares in the last quarter. Finally, CWM LLC increased its holdings in SharkNinja by 656.7% in the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock valued at $78,000 after acquiring an additional 683 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SN shares. Zacks Research downgraded shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Morgan Stanley set a $110.00 price target on SharkNinja in a research note on Monday, October 27th. Canaccord Genuity Group set a $140.00 price target on SharkNinja in a report on Thursday, January 8th. Cantor Fitzgerald reaffirmed an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. raised their price objective on SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.67.

SharkNinja Stock Down 1.0%

NYSE:SN opened at $118.16 on Friday. The company’s 50-day simple moving average is $114.04 and its 200-day simple moving average is $108.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $129.19. The stock has a market capitalization of $16.68 billion, a P/E ratio of 29.18, a P/E/G ratio of 1.53 and a beta of 1.41.

About SharkNinja

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.