SharkNinja, Inc. (NYSE:SN) is Oberweis Asset Management Inc.'s 3rd Largest Position

Oberweis Asset Management Inc. increased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 499,290 shares of the company's stock after purchasing an additional 37,100 shares during the quarter. SharkNinja makes up about 2.3% of Oberweis Asset Management Inc.'s investment portfolio, making the stock its 3rd largest holding. Oberweis Asset Management Inc. owned about 0.36% of SharkNinja worth $48,611,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. R Squared Ltd purchased a new position in SharkNinja during the fourth quarter valued at $55,000. Covestor Ltd increased its stake in shares of SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after acquiring an additional 475 shares in the last quarter. SG Americas Securities LLC purchased a new position in SharkNinja during the 4th quarter valued at about $171,000. Altshuler Shaham Ltd bought a new stake in SharkNinja during the fourth quarter worth about $209,000. Finally, World Investment Advisors LLC bought a new stake in SharkNinja during the third quarter worth about $244,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Performance

SN traded up $0.50 during midday trading on Friday, hitting $79.78. 1,646,970 shares of the company traded hands, compared to its average volume of 1,410,178. The company's 50-day moving average is $86.07 and its 200 day moving average is $97.66. 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 $11.20 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) 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 analysts' expectations of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SN shares. JPMorgan Chase & Co. lowered their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group lowered their price objective on SharkNinja from $133.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group increased their target price on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Canaccord Genuity Group lifted their price target on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Morgan Stanley increased their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.72.

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.