Deutsche Bank AG Increases Stake in SharkNinja, Inc. (NYSE:SN)

Deutsche Bank AG raised its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,084 shares of the company's stock after buying an additional 102,495 shares during the period. Deutsche Bank AG owned approximately 0.28% of SharkNinja worth $38,271,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SN. Driehaus Capital Management LLC raised its stake in shares of SharkNinja by 164.4% during the fourth quarter. Driehaus Capital Management LLC now owns 186,126 shares of the company's stock valued at $18,121,000 after purchasing an additional 115,724 shares during the period. Dorsal Capital Management LP bought a new position in shares of SharkNinja in the fourth quarter worth $16,015,000. Caption Management LLC bought a new stake in SharkNinja during the fourth quarter worth approximately $1,432,000. Apis Capital Advisors LLC grew its stake in shares of SharkNinja by 28.1% in the 4th quarter. Apis Capital Advisors LLC now owns 219,200 shares of the company's stock worth $21,341,000 after purchasing an additional 48,100 shares during the last quarter. Finally, Alua Capital Management LP raised its holdings in SharkNinja by 17.5% during the 4th quarter. Alua Capital Management LP now owns 1,042,489 shares of the company's stock worth $101,497,000 after buying an additional 155,605 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on SN. Guggenheim decreased their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" 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 research note on Thursday, February 13th. Morgan Stanley upped their price target on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Price Performance

NYSE SN traded down $1.37 during trading hours on Monday, hitting $100.71. The company had a trading volume of 149,405 shares, compared to its average volume of 1,448,559. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 2.35 and a beta of 1.68. The firm has a 50 day simple moving average of $82.95 and a 200 day simple moving average of $95.66.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the firm earned $1.06 earnings per share. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current 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.