Xponance Inc. Acquires 411 Shares of SharkNinja, Inc. (NYSE:SN)

Xponance Inc. increased its holdings in SharkNinja, Inc. (NYSE:SN) by 11.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,053 shares of the company’s stock after purchasing an additional 411 shares during the period. Xponance Inc.’s holdings in SharkNinja were worth $395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SN. FMR LLC lifted its position in SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after purchasing an additional 3,321,684 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after buying an additional 2,155,136 shares during the period. Baillie Gifford & Co. raised its holdings in SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock valued at $236,603,000 after buying an additional 604,559 shares during the last quarter. William Blair Investment Management LLC boosted its position in SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock valued at $275,270,000 after buying an additional 590,632 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in SharkNinja in the 4th quarter worth $37,187,000. Institutional investors own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SN. JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. 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. Morgan Stanley lifted their price objective on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group upped their target price on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Trading Down 1.9 %

NYSE SN opened at $89.84 on Thursday. The firm has a market capitalization of $12.57 billion, a PE ratio of 28.89, a P/E/G ratio of 2.35 and a beta of 1.24. The stock’s 50 day moving average is $102.91 and its 200 day moving average is $102.51. SharkNinja, Inc. has a twelve month low of $60.57 and a twelve month high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. 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.