15,426 SharkNinja, Inc. $SN Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. decreased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 12.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,658 shares of the company’s stock after selling 15,426 shares during the period. Mawer Investment Management Ltd. owned about 0.08% of SharkNinja worth $20,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new stake in SharkNinja in the 2nd quarter worth $81,134,000. WCM Investment Management LLC lifted its holdings in SharkNinja by 4.3% in the 1st quarter. WCM Investment Management LLC now owns 793,063 shares of the company’s stock valued at $77,419,000 after purchasing an additional 32,524 shares in the last quarter. Evercore Wealth Management LLC lifted its stake in shares of SharkNinja by 24.7% in the first quarter. Evercore Wealth Management LLC now owns 670,411 shares of the company’s stock worth $70,997,000 after buying an additional 132,749 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of SharkNinja by 17.9% during the 1st quarter. Bank of America Corp DE now owns 559,813 shares of the company’s stock worth $59,284,000 after purchasing an additional 84,796 shares during the last quarter. Finally, Aberdeen Group plc boosted its stake in SharkNinja by 40.4% during the third quarter. Aberdeen Group plc now owns 291,652 shares of the company’s stock worth $52,532,000 after buying an additional 83,950 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Buying and Selling at SharkNinja

In other news, insider Neil Shah sold 40,000 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $223.45, for a total value of $8,938,000.00. Following the completion of the transaction, the insider owned 457,220 shares in the company, valued at approximately $102,165,809. This represents a 8.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 40.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SN. Weiss Ratings upgraded SharkNinja from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, November 9th. Jefferies Financial Group restated a “buy” rating and issued a $300.00 price objective on shares of SharkNinja in a report on Wednesday, November 4th. Canaccord Genuity Group boosted their target price on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. BTIG Research increased their price objective on shares of SharkNinja from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of SharkNinja in a research report on Wednesday, November 4th. Fourteen analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $211.39.

SharkNinja Stock Up 2.7%

SN stock traded up $5.88 during trading on Friday, hitting $226.01. 1,185,940 shares of the company’s stock were exchanged, compared to its average volume of 1,522,896. The business has a 50-day moving average price of $190.46 and a two-hundred day moving average price of $147.58. The stock has a market capitalization of $31.85 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 2.44 and a beta of 1.21. SharkNinja, Inc. has a 52-week low of $83.21 and a 52-week high of $232.76. The company has a current ratio of 2.04, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.44. SharkNinja had a return on equity of 28.84% and a net margin of 11.64%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company posted $1.50 earnings per share. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, equities research analysts expect that SharkNinja, Inc. will post 5.84 EPS for the current year.

SharkNinja 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.