Summit Partners Public Asset Management LLC Buys 30,813 Shares of SharkNinja, Inc. (NYSE:SN)

Summit Partners Public Asset Management LLC boosted its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 18.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,591 shares of the company's stock after purchasing an additional 30,813 shares during the period. Summit Partners Public Asset Management LLC owned 0.14% of SharkNinja worth $21,045,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of SharkNinja by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 55,735 shares of the company's stock valued at $3,472,000 after acquiring an additional 4,411 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of SharkNinja by 912.8% during the 1st quarter. Janus Henderson Group PLC now owns 154,486 shares of the company's stock worth $9,623,000 after buying an additional 139,232 shares during the period. Boston Partners grew its holdings in shares of SharkNinja by 22.5% in the 1st quarter. Boston Partners now owns 156,316 shares of the company's stock worth $9,738,000 after purchasing an additional 28,690 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SharkNinja during the second quarter worth approximately $583,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in SharkNinja during the 2nd quarter valued at $513,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Up 2.5 %

SN stock traded up $2.42 during trading hours on Friday, reaching $100.49. 325,162 shares of the stock were exchanged, compared to its average volume of 1,214,709. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 1.62 and a beta of 1.04. The firm's 50-day moving average is $103.78 and its 200-day moving average is $89.52. SharkNinja, Inc. has a 12 month low of $45.35 and a 12 month high of $112.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95.

SharkNinja (NYSE:SN - Get Free Report) last announced 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. SharkNinja's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 EPS. On average, equities research analysts expect that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on SN shares. Oppenheimer initiated coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price objective on the stock. Bank of America raised their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Morgan Stanley boosted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Guggenheim upped their price target on SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Finally, Canaccord Genuity Group lifted their price objective on SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.39.

SharkNinja 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.