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

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

A number of other hedge funds have also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new position in SharkNinja in the 3rd quarter valued at about $54,000. R Squared Ltd purchased a new position in shares of SharkNinja during the fourth quarter valued at approximately $55,000. SG Americas Securities LLC purchased a new stake in SharkNinja in the 4th quarter valued at $171,000. First Dallas Securities Inc. purchased a new position in SharkNinja during the 3rd quarter worth $215,000. Finally, World Investment Advisors LLC bought a new stake in shares of SharkNinja in the 3rd quarter worth $244,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SN shares. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Jefferies Financial Group increased their target price 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. JPMorgan Chase & Co. raised their target price on SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, Morgan Stanley lifted their price objective on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.50.

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SharkNinja Trading Down 21.1 %

SharkNinja stock traded down $18.63 during trading hours on Thursday, reaching $69.80. The company had a trading volume of 8,116,552 shares, compared to its average volume of 1,295,432. The firm has a market cap of $9.77 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a 12-month low of $61.00 and a 12-month high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a 50-day moving average price of $100.41 and a 200 day moving average price of $102.01.

SharkNinja (NYSE:SN - Get Free Report) last issued its 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). The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Equities analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja Company 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.