Private Advisor Group LLC Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Private Advisor Group LLC bought a new position in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 16,807 shares of the company’s stock, valued at approximately $1,636,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SN. Braun Stacey Associates Inc. increased its stake in shares of SharkNinja by 100.3% in the fourth quarter. Braun Stacey Associates Inc. now owns 168,880 shares of the company’s stock valued at $16,442,000 after buying an additional 84,554 shares during the period. GAM Holding AG increased its stake in shares of SharkNinja by 14.4% in the fourth quarter. GAM Holding AG now owns 114,479 shares of the company’s stock valued at $11,146,000 after buying an additional 14,403 shares during the period. CIBC Asset Management Inc increased its stake in shares of SharkNinja by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock valued at $413,000 after buying an additional 219 shares during the period. Baillie Gifford & Co. increased its stake in shares of SharkNinja by 33.1% in the fourth 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. Finally, Peregrine Investment Management Inc. acquired a new stake in shares of SharkNinja in the fourth quarter valued at about $6,375,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SN. Morgan Stanley increased their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Canaccord Genuity Group upped their target price on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their target price on 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 upped their target price on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.50.

SharkNinja Stock Performance

Shares of SN opened at $105.82 on Thursday. The stock’s 50-day simple moving average is $106.09 and its 200 day simple moving average is $102.52. The stock has a market capitalization of $14.81 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. 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, Inc. has a 52-week low of $53.33 and a 52-week high of $123.00.

SharkNinja (NYSE:SN) last issued its quarterly earnings data 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). 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%. Research analysts forecast 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.