Premier Fund Managers Ltd Acquires Shares of 8,208 SharkNinja, Inc. (NYSE:SN)

Premier Fund Managers Ltd bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,208 shares of the company's stock, valued at approximately $785,000.

Several other hedge funds have also recently bought and sold shares of SN. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja during the 3rd quarter worth approximately $54,000. R Squared Ltd bought a new stake in SharkNinja during the 4th quarter worth about $55,000. Northwest & Ethical Investments L.P. acquired a new position in shares of SharkNinja during the 3rd quarter worth about $163,000. SG Americas Securities LLC bought a new position in shares of SharkNinja in the 4th quarter valued at about $171,000. Finally, First Dallas Securities Inc. acquired a new stake in shares of SharkNinja in the third quarter valued at about $215,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SN has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley increased their price target 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, Canaccord Genuity Group boosted their price objective 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. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and an average target price of $122.50.

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SharkNinja Price Performance

Shares of NYSE SN traded down $0.59 during midday trading on Monday, reaching $83.43. The company's stock had a trading volume of 770,828 shares, compared to its average volume of 1,263,087. The business's 50 day moving average price is $101.91 and its two-hundred day moving average price is $102.37. The company has a market cap of $11.67 billion, a P/E ratio of 26.74, a P/E/G 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 fifty-two week low of $60.72 and a fifty-two week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.61 billion. On average, analysts forecast that SharkNinja, Inc. will post 4.52 EPS 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.