SharkNinja, Inc. (NYSE:SN) Shares Purchased by Pertento Partners LLP

Pertento Partners LLP grew its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 28.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 583,232 shares of the company's stock after acquiring an additional 128,696 shares during the quarter. SharkNinja comprises approximately 4.8% of Pertento Partners LLP's investment portfolio, making the stock its 5th biggest position. Pertento Partners LLP owned about 0.42% of SharkNinja worth $56,783,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Premier Fund Managers Ltd purchased a new stake in shares of SharkNinja during the 4th quarter valued at approximately $785,000. Nomura Asset Management Co. Ltd. grew its position in SharkNinja by 72.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 385,254 shares of the company's stock worth $37,508,000 after acquiring an additional 161,552 shares during the period. Norges Bank acquired a new stake in SharkNinja during the fourth quarter worth $100,845,000. Riposte Capital LLC raised its position in SharkNinja by 15.0% in the fourth quarter. Riposte Capital LLC now owns 115,000 shares of the company's stock valued at $11,196,000 after purchasing an additional 15,000 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of SharkNinja by 6.3% in the 4th quarter. Vanguard Group Inc. now owns 159,888 shares of the company's stock valued at $15,567,000 after purchasing an additional 9,484 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Up 4.8 %

Shares of SharkNinja stock traded up $4.02 during trading hours on Wednesday, reaching $88.22. 946,745 shares of the company were exchanged, compared to its average volume of 1,263,908. The firm has a market cap of $12.35 billion, a PE ratio of 28.37, a PEG ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a 1 year low of $60.72 and a 1 year high of $123.00. The stock's fifty day moving average is $100.87 and its 200 day moving average is $102.10.

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SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, equities research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on SN shares. Canaccord Genuity Group increased their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Morgan Stanley increased their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group upped their price target on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their price target on SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. One research 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $122.50.

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.