3,350 Shares of SharkNinja, Inc. $SN Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS bought a new stake in SharkNinja, Inc. (NYSE:SN) in the third quarter, Holdings Channel.com reports. The institutional investor bought 3,350 shares of the company’s stock, valued at approximately $603,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA acquired a new stake in SharkNinja in the third quarter valued at approximately $8,066,000. Formidable Asset Management LLC acquired a new position in shares of SharkNinja during the third quarter worth approximately $610,000. Calamos Advisors LLC bought a new position in shares of SharkNinja in the 3rd quarter worth $2,005,000. Kestra Advisory Services LLC acquired a new stake in SharkNinja in the 3rd quarter valued at $622,000. Finally, Commonwealth Equity Services LLC grew its position in SharkNinja by 5.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,870 shares of the company’s stock valued at $1,237,000 after purchasing an additional 349 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

SN opened at $226.53 on Wednesday. SharkNinja, Inc. has a 1 year low of $83.21 and a 1 year high of $232.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.04 and a quick ratio of 1.39. The company has a market capitalization of $31.92 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 2.51 and a beta of 1.20. The firm’s fifty day moving average price is $187.48 and its two-hundred day moving average price is $146.06.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Guggenheim upped their price objective on shares of SharkNinja from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings upgraded shares of SharkNinja from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. The Goldman Sachs Group restated a “buy” rating and issued a $204.00 target price on shares of SharkNinja in a report on Thursday, August 6th. William Blair reaffirmed an “outperform” rating on shares of SharkNinja in a research report on Wednesday, November 4th. Finally, BTIG Research increased their price objective on SharkNinja from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 5th. Fourteen analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $211.39.

Insider Activity at SharkNinja

In other news, insider Neil Shah sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total value of $9,318,000.00. Following the transaction, the insider owned 497,220 shares in the company, valued at $92,661,919.20. The trade was a 9.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 40.80% of the stock is currently owned by corporate insiders.

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.