Mawer Investment Management Ltd. Has $28.70 Million Stake in SharkNinja, Inc. (NYSE:SN)

Mawer Investment Management Ltd. raised its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 294,798 shares of the company's stock after acquiring an additional 10,413 shares during the quarter. Mawer Investment Management Ltd. owned 0.21% of SharkNinja worth $28,702,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SN. HighTower Advisors LLC boosted its stake in shares of SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after acquiring an additional 2,155,136 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after purchasing an additional 590,632 shares during the period. Baillie Gifford & Co. increased its stake in SharkNinja by 33.1% in the 4th 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 in the last quarter. Norges Bank acquired a new stake in SharkNinja during the 4th quarter worth about $100,845,000. Finally, State Street Corp lifted its stake in SharkNinja by 17.8% during the third quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after buying an additional 101,020 shares in the last quarter. Institutional investors own 34.77% of the company's stock.

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Wall Street Analysts Forecast Growth

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

SharkNinja Stock Down 19.9 %

Shares of SN traded down $17.59 during midday trading on Thursday, reaching $70.84. 5,205,342 shares of the stock were exchanged, compared to its average volume of 1,284,497. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 22.78, 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. SharkNinja, Inc. has a 12-month low of $61.00 and a 12-month high of $123.00. The firm has a 50 day simple moving average of $100.41 and a 200-day simple moving average of $102.01.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The business had revenue of $1.79 billion for 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%. Research analysts forecast 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.