Prevail Innovative Wealth Advisors LLC Acquires Shares of 36,148 SharkNinja, Inc. (NYSE:SN)

Prevail Innovative Wealth Advisors LLC purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 36,148 shares of the company's stock, valued at approximately $3,519,000.

Several other large investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of SharkNinja by 17.8% during the third 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 in the last quarter. Tidal Investments LLC increased its holdings in SharkNinja by 38.7% during the 3rd 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 in the last quarter. Lord Abbett & CO. LLC bought a new position in SharkNinja in the 3rd quarter valued at $5,832,000. Harbor Capital Advisors Inc. increased its position in SharkNinja by 30.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock valued at $11,430,000 after acquiring an additional 27,436 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of SharkNinja by 112.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock worth $1,066,000 after purchasing an additional 5,790 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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SharkNinja Stock Performance

Shares of SN traded down $17.09 during mid-day trading on Thursday, reaching $71.34. The company's stock had a trading volume of 5,423,890 shares, compared to its average volume of 1,285,340. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 1-year low of $61.00 and a 1-year high of $123.00. The business has a 50-day simple moving average of $100.41 and a two-hundred day simple moving average of $102.01. The stock has a market cap of $9.98 billion, a P/E ratio of 22.94, a PEG ratio of 2.35 and a beta of 1.24.

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