SharkNinja, Inc. $SN Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lessened its stake in SharkNinja, Inc. (NYSE:SN) by 16.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 245,561 shares of the company’s stock after selling 46,732 shares during the quarter. Mawer Investment Management Ltd. owned 0.17% of SharkNinja worth $25,330,000 as of its most recent SEC filing.

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

SharkNinja Trading Down 1.0%

Shares of SN opened at $118.16 on Monday. The firm’s fifty day moving average is $114.04 and its two-hundred day moving average is $108.63. The stock has a market cap of $16.68 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.41. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $129.19.

Analysts Set New Price Targets

SN has been the subject of a number of analyst reports. Zacks Research downgraded shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Guggenheim upped their price target on SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Canaccord Genuity Group set a $140.00 price objective on SharkNinja in a report on Thursday, January 8th. Oppenheimer boosted their price objective on SharkNinja from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

SharkNinja Company Profile

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.