Rosenblum Silverman Sutton S F Inc. CA Has $12.01 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

Rosenblum Silverman Sutton S F Inc. CA cut its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,365 shares of the company's stock after selling 5,270 shares during the period. SharkNinja makes up about 3.0% of Rosenblum Silverman Sutton S F Inc. CA's investment portfolio, making the stock its 11th largest holding. Rosenblum Silverman Sutton S F Inc. CA owned about 0.09% of SharkNinja worth $12,011,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in shares of SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after acquiring an additional 2,155,136 shares during the period. Norges Bank bought a new stake in SharkNinja during the fourth quarter worth approximately $100,845,000. Baillie Gifford & Co. lifted its position in SharkNinja by 33.1% in the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after purchasing an additional 604,559 shares during the period. William Blair Investment Management LLC boosted its stake in SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after purchasing an additional 590,632 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of SharkNinja during the 4th quarter valued at $37,187,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Up 0.8 %

Shares of SharkNinja stock traded up $0.52 during midday trading on Wednesday, hitting $66.16. The company's stock had a trading volume of 839,462 shares, compared to its average volume of 1,344,087. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $9.28 billion, a P/E ratio of 21.21, a PEG ratio of 2.35 and a beta of 1.65. The stock has a 50-day simple moving average of $96.10 and a 200-day simple moving average of $100.72.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 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, sell-side analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

SN has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Jefferies Financial Group lifted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley increased their target price 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 lifted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and an average price target of $122.50.

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.