SharkNinja, Inc. (NYSE:SN) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC grew its stake in shares of SharkNinja, Inc. (NYSE:SN) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,827,340 shares of the company’s stock after acquiring an additional 590,632 shares during the quarter. SharkNinja comprises approximately 0.7% of William Blair Investment Management LLC’s investment portfolio, making the stock its 26th largest holding. William Blair Investment Management LLC owned about 2.02% of SharkNinja worth $275,270,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja in the 3rd quarter worth approximately $54,000. R Squared Ltd acquired a new position in SharkNinja in the 4th quarter worth approximately $55,000. Northwest & Ethical Investments L.P. acquired a new position in SharkNinja in the 3rd quarter worth approximately $163,000. SG Americas Securities LLC acquired a new position in SharkNinja in the 4th quarter worth approximately $171,000. Finally, First Dallas Securities Inc. acquired a new position in SharkNinja in the 3rd quarter worth approximately $215,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price target 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. JPMorgan Chase & Co. increased their price target on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group increased their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group raised their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Trading Up 1.4 %

Shares of NYSE:SN opened at $88.20 on Monday. SharkNinja, Inc. has a 1 year low of $56.10 and a 1 year high of $123.00. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The business’s 50 day moving average price is $105.24 and its 200-day moving average price is $102.89.

SharkNinja (NYSE:SN) last announced its earnings results 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 net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, equities research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share 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.