Federated Hermes Inc. Buys 222,377 Shares of SharkNinja, Inc. (NYSE:SN)

Federated Hermes Inc. raised its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,138,014 shares of the company's stock after acquiring an additional 222,377 shares during the quarter. Federated Hermes Inc. owned approximately 0.81% of SharkNinja worth $110,783,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of SharkNinja in the 4th quarter worth about $55,000. SG Americas Securities LLC purchased a new position in shares of SharkNinja during the 4th quarter worth approximately $171,000. First Dallas Securities Inc. bought a new position in shares of SharkNinja in the 3rd quarter worth approximately $215,000. World Investment Advisors LLC purchased a new position in shares of SharkNinja in the 3rd quarter valued at approximately $244,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of SharkNinja during the third quarter valued at approximately $271,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on SN shares. JPMorgan Chase & Co. decreased their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday. Morgan Stanley lifted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.28.

SharkNinja Stock Performance

Shares of SN traded up $0.35 during trading hours on Friday, hitting $73.16. The stock had a trading volume of 831,828 shares, compared to its average volume of 1,373,471. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The stock has a fifty day moving average price of $94.04 and a 200 day moving average price of $100.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a market capitalization of $10.27 billion, a PE ratio of 23.50, a PEG ratio of 2.35 and a beta of 1.65.

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