RWA Wealth Partners LLC Purchases New Stake in SharkNinja, Inc. (NYSE:SN)

RWA Wealth Partners LLC acquired a new position in shares of SharkNinja, Inc. (NYSE:SN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,227 shares of the company’s stock, valued at approximately $1,580,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SN. HighTower Advisors LLC boosted its position in shares of SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock valued at $699,021,000 after acquiring an additional 2,155,136 shares during the last quarter. Norges Bank acquired a new position in SharkNinja in the 4th quarter valued at about $100,845,000. Baillie Gifford & Co. grew its stake in shares of SharkNinja by 33.1% in 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 period. 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 buying an additional 590,632 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of SharkNinja during the 4th quarter valued at approximately $37,187,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SN. Morgan Stanley raised their target price on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Trading Down 0.7 %

Shares of SN stock opened at $83.43 on Tuesday. SharkNinja, Inc. has a fifty-two week low of $60.72 and a fifty-two week high of $123.00. The company has a 50 day moving average price of $101.39 and a 200 day moving average price of $102.24. The stock has a market capitalization of $11.67 billion, a P/E ratio of 26.83, 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 quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Equities research 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.