Encompass More Asset Management Purchases 2,971 Shares of SharkNinja, Inc. (NYSE:SN)

Encompass More Asset Management increased its position in SharkNinja, Inc. (NYSE:SN) by 111.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,627 shares of the company’s stock after acquiring an additional 2,971 shares during the period. Encompass More Asset Management’s holdings in SharkNinja were worth $548,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SN. Dimensional Fund Advisors LP lifted 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 during the period. Amalgamated Bank acquired a new stake in shares of SharkNinja during the second quarter worth $285,000. Magnetar Financial LLC acquired a new position in SharkNinja in the 2nd quarter worth $233,000. Xponance Inc. bought a new stake in shares of SharkNinja in the second quarter valued at about $280,000. Finally, Scientech Research LLC acquired a new stake in SharkNinja in the 2nd quarter valued at approximately $848,000. 34.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SN. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley raised their price target on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group upped their price objective on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Oppenheimer initiated coverage on SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective for the company. Finally, Guggenheim upped their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.28.

SharkNinja Stock Down 0.3 %

Shares of NYSE:SN opened at $111.34 on Friday. SharkNinja, Inc. has a 52-week low of $45.85 and a 52-week high of $112.93. The company has a fifty day moving average of $101.12 and a 200-day moving average of $96.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company has a market capitalization of $15.58 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The firm’s revenue was up 33.3% compared to the same quarter last year. On average, equities analysts predict that SharkNinja, Inc. will post 3.89 EPS for the current fiscal year.

SharkNinja Company Profile

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.