Envestnet Asset Management Inc. Purchases 4,160 Shares of SharkNinja, Inc. (NYSE:SN)

Envestnet Asset Management Inc. lifted its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,552 shares of the company's stock after buying an additional 4,160 shares during the period. Envestnet Asset Management Inc.'s holdings in SharkNinja were worth $1,806,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SN. HighTower Advisors LLC increased its position in shares of SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after buying an additional 2,155,136 shares in the last quarter. Norges Bank bought a new stake in shares of SharkNinja in the 4th quarter valued at $100,845,000. Baillie Gifford & Co. increased its position in shares of SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after buying an additional 604,559 shares in the last quarter. William Blair Investment Management LLC increased its holdings in SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after purchasing an additional 590,632 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in SharkNinja during the 4th quarter worth about $37,187,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Up 0.6 %

SN stock opened at $79.78 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $11.20 billion, a PE ratio of 25.65, a PEG ratio of 2.35 and a beta of 1.65. 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 $86.07 and its 200 day simple moving average is $97.59.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Canaccord Genuity Group increased their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. The Goldman Sachs Group lowered their target price on SharkNinja from $133.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley increased their price objective 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 analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $116.72.

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.

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