Encompass More Asset Management Purchases 2,971 Shares of SharkNinja, Inc. (NYSE:SN)

Encompass More Asset Management grew its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 111.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,627 shares of the company's stock after buying an additional 2,971 shares during the quarter. Encompass More Asset Management's holdings in SharkNinja were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SN. Dimensional Fund Advisors LP lifted its position in SharkNinja by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company's stock worth $56,401,000 after buying an additional 14,140 shares in the last quarter. Amalgamated Bank bought a new stake in shares of SharkNinja during the second quarter valued at approximately $285,000. Magnetar Financial LLC acquired a new stake in shares of SharkNinja in the second quarter valued at approximately $233,000. Xponance Inc. bought a new position in SharkNinja in the 2nd quarter worth approximately $280,000. Finally, Scientech Research LLC acquired a new position in SharkNinja during the 2nd quarter worth $848,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Trading Down 1.0 %

Shares of SN stock traded down $1.07 on Friday, hitting $110.41. The stock had a trading volume of 714,521 shares, compared to its average volume of 933,195. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a twelve month low of $45.85 and a twelve month high of $112.93. The company has a fifty day moving average price of $101.12 and a two-hundred day moving average price of $96.36. The firm has a market cap of $15.45 billion, a P/E ratio of 43.30, a PEG ratio of 1.59 and a beta of 1.10.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company's revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 earnings per share. As a group, analysts forecast that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SN has been the subject of a number of recent research reports. Oppenheimer began coverage on SharkNinja in a research report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Jefferies Financial Group lifted their price target on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Guggenheim increased their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a report on Monday, October 7th. Finally, The Goldman Sachs Group lifted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.28.

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.