Okabena Investment Services Inc. Has $793,000 Stake in SharkNinja, Inc. (NYSE:SN)

Okabena Investment Services Inc. cut its position in SharkNinja, Inc. (NYSE:SN) by 31.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,143 shares of the company’s stock after selling 3,776 shares during the quarter. Okabena Investment Services Inc.’s holdings in SharkNinja were worth $793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Stifel Financial Corp raised its stake in SharkNinja by 2.1% during the third quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc increased its position in SharkNinja by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock worth $413,000 after purchasing an additional 219 shares in the last quarter. Avior Wealth Management LLC lifted its stake in SharkNinja by 6.4% in the 4th quarter. Avior Wealth Management LLC now owns 5,139 shares of the company’s stock valued at $500,000 after purchasing an additional 310 shares during the last quarter. Assetmark Inc. boosted its position in SharkNinja by 6.5% in the fourth quarter. Assetmark Inc. now owns 5,166 shares of the company’s stock valued at $503,000 after buying an additional 316 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of SharkNinja by 11.3% during the fourth quarter. Xponance Inc. now owns 4,053 shares of the company’s stock worth $395,000 after buying an additional 411 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SN shares. Morgan Stanley increased their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Canaccord Genuity Group boosted their price target on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group raised their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and a consensus target price of $122.50.

SharkNinja Trading Down 1.9 %

NYSE SN opened at $83.74 on Friday. The stock has a market capitalization of $11.72 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.35 and a beta of 1.24. The business has a 50 day simple moving average of $101.91 and a 200 day simple moving average of $102.30. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. SharkNinja, Inc. has a one year low of $60.72 and a one year high of $123.00.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current 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.