RWA Wealth Partners LLC Takes Position in SharkNinja, Inc. (NYSE:SN)

RWA Wealth Partners LLC bought a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 16,227 shares of the company's stock, valued at approximately $1,580,000.

A number of other hedge funds have also made changes to their positions in SN. HighTower Advisors LLC increased its holdings in SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after buying an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after acquiring an additional 590,632 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after acquiring an additional 604,559 shares during the last quarter. Norges Bank acquired a new stake in shares of SharkNinja during the 4th quarter valued at approximately $100,845,000. Finally, State Street Corp lifted its stake in 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 purchasing an additional 101,020 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

SN has been the topic of a number of research reports. Canaccord Genuity Group increased their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised 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 upped their target price on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the stock 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $122.50.

SharkNinja Stock Performance

SharkNinja stock traded up $0.60 during mid-day trading on Friday, hitting $70.09. 6,748,147 shares of the company's stock traded hands, compared to its average volume of 1,319,294. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The firm has a 50 day moving average price of $98.77 and a 200 day moving average price of $101.54. The company has a market cap of $9.81 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, equities analysts forecast 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.