16,344 Shares in SharkNinja, Inc. (NYSE:SN) Acquired by Greenland Capital Management LP

Greenland Capital Management LP acquired a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,344 shares of the company's stock, valued at approximately $1,591,000.

Several other hedge funds also recently modified their holdings of SN. FMR LLC raised its stake in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after buying an additional 6,160,226 shares during the period. HighTower Advisors LLC increased its holdings in shares of SharkNinja by 42.9% during the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after acquiring an additional 2,155,136 shares in the last quarter. William Blair Investment Management LLC raised its position in shares of SharkNinja by 26.4% during the fourth 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 during the period. Baillie Gifford & Co. raised its position in shares of SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after purchasing an additional 604,559 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of SharkNinja by 24.3% in the 4th quarter. Federated Hermes Inc. now owns 1,138,014 shares of the company's stock worth $110,783,000 after purchasing an additional 222,377 shares in the last quarter. Institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

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

SharkNinja Stock Performance

Shares of SN stock traded up $0.74 during trading on Friday, hitting $73.55. The company's stock had a trading volume of 2,038,811 shares, compared to its average volume of 1,384,022. 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 company has a market cap of $10.32 billion, a PE ratio of 23.65, a P/E/G ratio of 2.35 and a beta of 1.65. The business has a fifty day moving average of $93.27 and a 200-day moving average of $99.90. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00.

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 analysts' consensus estimates of $1.26 by ($0.06). The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.