Pinpoint Asset Management Ltd Has $1.67 Million Position in SharkNinja, Inc. (NYSE:SN)

Pinpoint Asset Management Ltd grew its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 49.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,155 shares of the company's stock after buying an additional 5,704 shares during the quarter. Pinpoint Asset Management Ltd's holdings in SharkNinja were worth $1,670,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SN. State Street Corp boosted its stake in shares of SharkNinja by 17.8% during the 3rd quarter. State Street Corp now owns 667,003 shares of the company's stock worth $72,510,000 after buying an additional 101,020 shares during the last quarter. Tidal Investments LLC boosted its position in SharkNinja by 38.7% during the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after purchasing an additional 5,416 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in SharkNinja in the third quarter valued at approximately $5,832,000. Harbor Capital Advisors Inc. increased its position in shares of SharkNinja by 30.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock worth $11,430,000 after purchasing an additional 27,436 shares during the last quarter. Finally, Cannell & Spears LLC acquired a new position in shares of SharkNinja during the 4th quarter worth approximately $18,125,000. Institutional investors own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SN shares. 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 research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Jefferies Financial Group raised their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley boosted their price target on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $122.50.

SharkNinja Stock Performance

NYSE:SN traded down $0.55 during mid-day trading on Wednesday, hitting $65.09. 787,404 shares of the stock were exchanged, compared to its average volume of 1,343,736. The firm's 50-day simple moving average is $96.10 and its 200 day simple moving average is $100.72. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. 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 (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.