WCM Investment Management LLC decreased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 22.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 174,427 shares of the company's stock after selling 50,798 shares during the period. WCM Investment Management LLC owned approximately 0.12% of SharkNinja worth $16,698,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in SN. Signaturefd LLC lifted its position in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after acquiring an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of SharkNinja during the 3rd quarter worth about $54,000. Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth about $54,000. R Squared Ltd acquired a new position in shares of SharkNinja during the 4th quarter worth about $55,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 34.77% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Jefferies Financial Group upped their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday. Canaccord Genuity Group increased their target price on shares of SharkNinja from $128.00 to $129.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Finally, Morgan Stanley increased their target price 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.06.
Check Out Our Latest Report on SharkNinja
SharkNinja Price Performance
NYSE:SN traded up $3.65 on Thursday, hitting $114.30. The company had a trading volume of 4,893,180 shares, compared to its average volume of 1,156,130. The stock has a market capitalization of $16.00 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 1.74 and a beta of 1.13. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $104.44 and a two-hundred day moving average of $100.35. SharkNinja, Inc. has a 52 week low of $49.86 and a 52 week high of $123.00.
SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. On average, research analysts anticipate that SharkNinja, Inc. will post 3.91 earnings per share for the current year.
About SharkNinja
(
Free Report)
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.
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