Mawer Investment Management Ltd. Has $30.92 Million Stake in SharkNinja, Inc. (NYSE:SN)

Mawer Investment Management Ltd. trimmed its stake in shares of SharkNinja, Inc. (NYSE:SN) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 284,385 shares of the company’s stock after selling 10,176 shares during the period. Mawer Investment Management Ltd. owned approximately 0.20% of SharkNinja worth $30,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC increased its stake in SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new position in SharkNinja during the third quarter worth $54,000. Waldron Private Wealth LLC acquired a new position in SharkNinja during the third quarter worth $65,000. Picton Mahoney Asset Management acquired a new position in SharkNinja during the second quarter worth $70,000. Finally, Kessler Investment Group LLC acquired a new position in SharkNinja during the second quarter worth $125,000. 34.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SN has been the subject of a number of recent analyst reports. Bank of America increased their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. The Goldman Sachs Group increased their price objective 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. dropped their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group increased their price objective 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. Finally, Guggenheim raised their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.85.

SharkNinja Stock Down 0.5 %

SN traded down $0.48 during trading on Monday, hitting $100.40. 7,100 shares of the company’s stock were exchanged, compared to its average volume of 1,203,302. The business’s 50 day moving average is $104.40 and its two-hundred day moving average is $87.64. The stock has a market cap of $14.05 billion, a P/E ratio of 39.56, a PEG ratio of 1.67 and a beta of 1.04. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a fifty-two week low of $44.97 and a fifty-two week high of $112.93.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.17. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share. As a group, equities analysts expect that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

SharkNinja Company 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.