Thurston Springer Miller Herd & Titak Inc. Purchases 7,227 Shares of SharkNinja, Inc. (NYSE:SN)

Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 81.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,108 shares of the company's stock after acquiring an additional 7,227 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in SharkNinja were worth $1,568,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SN. Dimensional Fund Advisors LP lifted its stake in shares of SharkNinja by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company's stock valued at $56,401,000 after acquiring an additional 14,140 shares during the last quarter. Renaissance Technologies LLC increased its stake in SharkNinja by 16.3% in the 2nd quarter. Renaissance Technologies LLC now owns 368,800 shares of the company's stock worth $27,715,000 after purchasing an additional 51,800 shares during the period. Amalgamated Bank bought a new stake in SharkNinja in the second quarter valued at approximately $285,000. Blair William & Co. IL purchased a new stake in shares of SharkNinja during the second quarter valued at approximately $5,118,000. Finally, Seven Eight Capital LP grew its holdings in shares of SharkNinja by 27.1% in the second quarter. Seven Eight Capital LP now owns 28,847 shares of the company's stock worth $2,168,000 after purchasing an additional 6,156 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, November 1st. Guggenheim upped their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Morgan Stanley raised their target price on SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted their price target on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, Canaccord Genuity Group increased their price objective on SharkNinja from $128.00 to $129.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $116.50.

SharkNinja Stock Up 1.3 %

NYSE SN traded up $1.37 during trading hours on Wednesday, reaching $107.13. 962,273 shares of the company's stock traded hands, compared to its average volume of 1,006,330. SharkNinja, Inc. has a 52-week low of $45.85 and a 52-week 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. The firm has a 50-day simple moving average of $99.79 and a 200 day simple moving average of $94.97. The firm has a market cap of $14.99 billion, a PE ratio of 42.01, a PEG ratio of 1.65 and a beta of 1.10.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business's revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 earnings per share. Sell-side analysts anticipate that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

About SharkNinja

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.