Nomura Asset Management Co. Ltd. Has $37.51 Million Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Nomura Asset Management Co. Ltd. lifted its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 72.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,254 shares of the company's stock after buying an additional 161,552 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.28% of SharkNinja worth $37,508,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja in the third quarter valued at approximately $54,000. R Squared Ltd acquired a new position in SharkNinja in the 4th quarter worth $55,000. Northwest & Ethical Investments L.P. bought a new position in SharkNinja during the 3rd quarter worth about $163,000. SG Americas Securities LLC acquired a new stake in shares of SharkNinja in the 4th quarter valued at about $171,000. Finally, First Dallas Securities Inc. bought a new stake in shares of SharkNinja in the third quarter valued at about $215,000. Institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SN. Canaccord Genuity Group lifted their target price on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley raised 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. Finally, Jefferies Financial Group boosted 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 analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of "Moderate Buy" and an average target price of $122.50.

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SharkNinja Stock Performance

SharkNinja stock traded up $3.54 during midday trading on Wednesday, hitting $87.74. The company's stock had a trading volume of 665,313 shares, compared to its average volume of 1,292,095. 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 company has a market cap of $12.28 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a 1-year low of $61.00 and a 1-year high of $123.00. The company has a 50-day moving average price of $100.87 and a two-hundred day moving average price of $102.10.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $1.20 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 firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. As a group, sell-side analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja 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.