Westfield Capital Management Co. LP Purchases Shares of 1,056,738 SharkNinja, Inc. (NYSE:SN)

Westfield Capital Management Co. LP purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,056,738 shares of the company's stock, valued at approximately $114,878,000. Westfield Capital Management Co. LP owned about 0.76% of SharkNinja as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after buying an additional 182 shares during the period. Hollencrest Capital Management purchased a new stake in shares of SharkNinja during the 3rd quarter worth $54,000. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth $65,000. Picton Mahoney Asset Management acquired a new position in shares of SharkNinja during the 2nd quarter worth $70,000. Finally, Kessler Investment Group LLC purchased a new position in shares of SharkNinja in the 2nd quarter valued at about $125,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price 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. Oppenheimer initiated coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price objective for the company. Guggenheim boosted their target price on SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Canaccord Genuity Group upped their target price on SharkNinja from $126.00 to $128.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted their price target on SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $110.85.

SharkNinja Price Performance

SN stock traded down $2.10 during trading on Friday, hitting $98.34. The stock had a trading volume of 1,810,423 shares, compared to its average volume of 2,271,998. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 38.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company's 50 day moving average price is $104.30 and its two-hundred day moving average price is $88.77. SharkNinja, Inc. has a 1-year low of $45.35 and a 1-year high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company's quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, sell-side analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

About SharkNinja

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.