First National Advisers LLC Invests $1.67 Million in SharkNinja, Inc. (NYSE:SN)

Key Points

• First National Advisers LLC acquired 20,058 shares of SharkNinja, Inc. during the 1st quarter, valued at approximately $1.67 million.
• SharkNinja reported earnings per share of $0.87 for the last quarter, exceeding analyst estimates by $0.14 and showing a 14.7% increase in revenue year-over-year.
• Wall Street analysts have a positive outlook, with an average price target of $127.25 and seven firms issuing a buy rating for SharkNinja's stock.

First National Advisers LLC purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,058 shares of the company's stock, valued at approximately $1,673,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GLOBALT Investments LLC GA acquired a new position in shares of SharkNinja during the first quarter worth approximately $537,000. 12 West Capital Management LP acquired a new position in shares of SharkNinja during the first quarter worth approximately $6,256,000. Assetmark Inc. lifted its position in shares of SharkNinja by 10.6% during the first quarter. Assetmark Inc. now owns 5,713 shares of the company's stock worth $477,000 after purchasing an additional 547 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of SharkNinja by 18.3% during the first quarter. Cetera Investment Advisers now owns 4,185 shares of the company's stock worth $349,000 after purchasing an additional 646 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of SharkNinja during the first quarter worth approximately $396,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Down 0.9%

NYSE:SN traded down $1.07 during trading hours on Thursday, hitting $115.92. The stock had a trading volume of 551,361 shares, compared to its average volume of 1,653,178. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97. The company has a market cap of $16.35 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 2.29 and a beta of 1.66. The business's 50 day moving average is $100.55 and its 200-day moving average is $96.23.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The business's quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SN has been the topic of a number of research reports. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research report on Monday, June 30th. Oppenheimer upped their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday. Guggenheim dropped their price target on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Morgan Stanley boosted their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, SharkNinja presently has a consensus rating of "Moderate Buy" and an average price target of $129.13.

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.