Titleist Asset Management LLC Makes New $1.91 Million Investment in SharkNinja, Inc. (NYSE:SN)

Titleist Asset Management LLC purchased a new position in SharkNinja, Inc. (NYSE:SN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 19,593 shares of the company's stock, valued at approximately $1,908,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SN. Stifel Financial Corp raised its holdings in SharkNinja by 2.1% in the third quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after buying an additional 100 shares during the last quarter. CIBC Asset Management Inc raised its holdings in SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock worth $413,000 after acquiring an additional 219 shares during the last quarter. Avior Wealth Management LLC boosted its stake in SharkNinja by 6.4% during the 4th quarter. Avior Wealth Management LLC now owns 5,139 shares of the company's stock valued at $500,000 after purchasing an additional 310 shares during the last quarter. Assetmark Inc. boosted its position in shares of SharkNinja by 6.5% during the fourth quarter. Assetmark Inc. now owns 5,166 shares of the company's stock valued at $503,000 after buying an additional 316 shares during the last quarter. Finally, Xponance Inc. increased its holdings in SharkNinja by 11.3% in the 4th quarter. Xponance Inc. now owns 4,053 shares of the company's stock worth $395,000 after buying an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Canaccord Genuity Group raised their price target on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.28.

SharkNinja Stock Performance

SharkNinja stock traded up $0.09 during midday trading on Friday, hitting $72.90. The stock had a trading volume of 788,185 shares, compared to its average volume of 1,373,245. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00. The company has a market capitalization of $10.23 billion, a PE ratio of 23.35, a P/E/G ratio of 2.35 and a beta of 1.65. The firm's fifty day moving average is $94.04 and its two-hundred day moving average is $100.16. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.

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). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.61 billion. On average, research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current 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.