Cannell & Spears LLC Purchases New Position in SharkNinja, Inc. (NYSE:SN)

Cannell & Spears LLC purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 186,160 shares of the company's stock, valued at approximately $18,125,000. Cannell & Spears LLC owned 0.13% of SharkNinja at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja during the 3rd quarter worth approximately $54,000. R Squared Ltd acquired a new stake in shares of SharkNinja in the fourth quarter valued at about $55,000. Northwest & Ethical Investments L.P. purchased a new position in SharkNinja in the third quarter valued at about $163,000. SG Americas Securities LLC acquired a new stake in shares of SharkNinja during the 4th quarter valued at approximately $171,000. Finally, First Dallas Securities Inc. purchased a new position in SharkNinja in the 3rd quarter valued at approximately $215,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Trading Down 0.1 %

Shares of SN traded down $0.10 during mid-day trading on Friday, hitting $69.39. The company had a trading volume of 4,026,473 shares, compared to its average volume of 1,453,955. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. The business's 50-day simple moving average is $99.57 and its 200-day simple moving average is $101.78. The stock has a market cap of $9.71 billion, a PE ratio of 22.50, a P/E/G ratio of 2.35 and a beta of 1.24. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

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

Analysts Set New Price Targets

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

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.