Mawer Investment Management Ltd. Has $28.70 Million Position in SharkNinja, Inc. (NYSE:SN)

Mawer Investment Management Ltd. raised its stake in shares of SharkNinja, Inc. (NYSE:SN) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 294,798 shares of the company’s stock after purchasing an additional 10,413 shares during the period. Mawer Investment Management Ltd. owned 0.21% of SharkNinja worth $28,702,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC grew 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 acquiring an additional 2,155,136 shares during the last quarter. Norges Bank bought a new stake in SharkNinja in the 4th quarter valued at $100,845,000. Baillie Gifford & Co. grew its position in SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock worth $236,603,000 after purchasing an additional 604,559 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock worth $275,270,000 after purchasing an additional 590,632 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of SharkNinja during the fourth quarter valued at about $37,187,000. Institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SN. Morgan Stanley lifted their target price on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Jefferies Financial Group lifted 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. boosted their price objective on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Canaccord Genuity Group raised their target price on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Stock Performance

Shares of NYSE:SN opened at $83.74 on Friday. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The business’s fifty day moving average price is $101.91 and its two-hundred day moving average price is $102.34. SharkNinja, Inc. has a fifty-two week low of $60.72 and a fifty-two week high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

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 return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, analysts predict that SharkNinja, Inc. will post 4.52 EPS 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.