Sei Investments Co. Buys 6,949 Shares of SharkNinja, Inc. (NYSE:SN)

Sei Investments Co. boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 104,265 shares of the company's stock after acquiring an additional 6,949 shares during the quarter. Sei Investments Co. owned approximately 0.07% of SharkNinja worth $10,151,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after purchasing an additional 2,155,136 shares in the last quarter. Baillie Gifford & Co. raised its holdings in SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after buying an additional 604,559 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of SharkNinja by 26.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after buying an additional 590,632 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of SharkNinja during the 4th quarter worth about $37,187,000. Finally, Hardman Johnston Global Advisors LLC acquired a new position in shares of SharkNinja during the 4th quarter valued at about $19,962,000. 34.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SN shares. Canaccord Genuity Group increased their price target on SharkNinja from $129.00 to $136.00 and gave the company 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 company an "overweight" rating in a research note on Thursday, January 16th. Jefferies Financial Group boosted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley increased their target price on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.50.

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SharkNinja Stock Performance

Shares of NYSE SN traded down $18.63 during trading hours on Thursday, reaching $69.80. The stock had a trading volume of 8,116,552 shares, compared to its average volume of 1,296,085. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a twelve month low of $61.00 and a twelve month high of $123.00. The business's fifty day moving average is $99.57 and its two-hundred day moving average is $101.78. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. As a group, research analysts expect that SharkNinja, Inc. will post 4.52 EPS 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.