WCM Investment Management LLC Purchases Shares of 225,225 SharkNinja, Inc. (NYSE:SN)

WCM Investment Management LLC bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 225,225 shares of the company's stock, valued at approximately $23,874,000. WCM Investment Management LLC owned approximately 0.16% of SharkNinja as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. William Blair Investment Management LLC acquired a new stake in shares of SharkNinja during the 2nd quarter worth $190,482,000. Thrivent Financial for Lutherans grew its holdings in shares of SharkNinja by 29.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock worth $127,450,000 after purchasing an additional 380,926 shares in the last quarter. Wolf Hill Capital Management LP boosted its stake in SharkNinja by 4.1% in the first quarter. Wolf Hill Capital Management LP now owns 1,405,343 shares of the company's stock valued at $87,539,000 after buying an additional 55,974 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in SharkNinja in the first quarter valued at about $62,309,000. Finally, Dimensional Fund Advisors LP boosted its stake in SharkNinja by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company's stock valued at $56,401,000 after buying an additional 14,140 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Trading Down 0.0 %

Shares of SharkNinja stock traded down $0.02 during midday trading on Monday, reaching $104.27. The company had a trading volume of 2,384,625 shares, compared to its average volume of 1,210,538. The stock has a fifty day moving average price of $103.81 and a 200 day moving average price of $86.30. 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 market cap of $14.59 billion, a PE ratio of 40.89, a P/E/G ratio of 1.72 and a beta of 1.04. SharkNinja, Inc. has a fifty-two week low of $41.12 and a fifty-two week high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. The company 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%. The firm's quarterly revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 earnings per share. On average, equities analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SN shares. Morgan Stanley raised their price objective on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Oppenheimer started coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price objective on the stock. The Goldman Sachs Group raised their price objective on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Finally, Guggenheim lifted 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. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $110.85.

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.