Vanguard Group Inc. Acquires 9,484 Shares of SharkNinja, Inc. (NYSE:SN)

Vanguard Group Inc. lifted its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,888 shares of the company's stock after purchasing an additional 9,484 shares during the quarter. Vanguard Group Inc. owned 0.11% of SharkNinja worth $15,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its stake in SharkNinja by 2.1% during the third quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc grew its holdings in SharkNinja by 5.4% during 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 period. Avior Wealth Management LLC boosted its position in shares of SharkNinja by 6.4% during the fourth quarter. Avior Wealth Management LLC now owns 5,139 shares of the company's stock worth $500,000 after purchasing an additional 310 shares in the last quarter. Assetmark Inc. lifted its position in SharkNinja by 6.5% in the 4th quarter. Assetmark Inc. now owns 5,166 shares of the company's stock valued at $503,000 after acquiring an additional 316 shares in the last quarter. Finally, Xponance Inc. grew its holdings in shares of SharkNinja by 11.3% during the fourth 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. Institutional investors own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

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

SharkNinja Price Performance

Shares of SN traded up $4.64 during midday trading on Wednesday, hitting $79.11. The company's stock had a trading volume of 423,980 shares, compared to its average volume of 1,632,575. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The company's fifty day simple moving average is $87.97 and its two-hundred day simple moving average is $98.29. 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 stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly 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). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. As a group, equities analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.