Norges Bank Acquires Shares of 1,035,793 SharkNinja, Inc. (NYSE:SN)

Norges Bank purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,035,793 shares of the company's stock, valued at approximately $100,845,000. Norges Bank owned approximately 0.74% of SharkNinja as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Safe Harbor Fiduciary LLC purchased a new stake in SharkNinja during the 3rd quarter worth approximately $54,000. R Squared Ltd purchased a new stake in shares of SharkNinja during the fourth quarter worth $55,000. SG Americas Securities LLC acquired a new stake in shares of SharkNinja in the fourth quarter valued at $171,000. First Dallas Securities Inc. acquired a new stake in shares of SharkNinja in the third quarter valued at $215,000. Finally, World Investment Advisors LLC purchased a new position in SharkNinja in the third quarter valued at $244,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SN has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Canaccord Genuity Group raised their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a 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 report on Thursday, January 16th. Finally, Morgan Stanley increased their price objective 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, SharkNinja presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.50.

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SharkNinja Stock Down 21.1 %

Shares of NYSE:SN traded down $18.63 during trading on Thursday, hitting $69.80. 8,116,552 shares of the company were exchanged, compared to its average volume of 1,296,084. The firm's 50 day moving average price is $100.41 and its 200-day moving average price is $102.01. SharkNinja, Inc. has a 12-month low of $61.00 and a 12-month high of $123.00. 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 stock has a market capitalization of $9.77 billion, a P/E ratio of 22.44, a PEG ratio of 2.35 and a beta of 1.24.

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