Private Advisor Group LLC Acquires Shares of 16,807 SharkNinja, Inc. (NYSE:SN)

Private Advisor Group LLC 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 16,807 shares of the company's stock, valued at approximately $1,636,000.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in shares of SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company's stock valued at $1,120,543,000 after acquiring an additional 3,321,684 shares during the last quarter. Baillie Gifford & Co. grew its stake in SharkNinja by 6,408.9% in the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock valued at $198,464,000 after purchasing an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of SharkNinja during the 3rd quarter worth approximately $114,878,000. WCM Investment Management LLC bought a new stake in shares of SharkNinja during the 3rd quarter worth approximately $23,874,000. Finally, Hodges Capital Management Inc. boosted its holdings in shares of SharkNinja by 92.6% in the 4th quarter. Hodges Capital Management Inc. now owns 368,447 shares of the company's stock valued at $35,872,000 after buying an additional 177,169 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Jefferies Financial Group lifted their price objective on shares of 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 lifted their price target on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley upped their price objective on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their target price on SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $122.50.

SharkNinja Trading Up 1.4 %

SN stock traded up $1.47 during mid-day trading on Friday, reaching $104.91. The company's stock had a trading volume of 768,243 shares, compared to its average volume of 1,148,731. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. SharkNinja, Inc. has a 12 month low of $53.41 and a 12 month high of $123.00. The business's 50 day moving average price is $106.45 and its 200 day moving average price is $102.72. 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 (NYSE:SN - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, equities research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current 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.