Analyst IMS Investment Management Services Ltd. Invests $651,000 in SharkNinja, Inc. (NYSE:SN)

Analyst IMS Investment Management Services Ltd. acquired a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,805 shares of the company's stock, valued at approximately $651,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares during the last quarter. Quarry LP acquired a new stake in shares of SharkNinja during the fourth quarter worth $47,000. Continuum Advisory LLC increased its holdings in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares during the last quarter. Covestor Ltd lifted its stake in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after buying an additional 475 shares during the period. Finally, Safe Harbor Fiduciary LLC lifted its stake in SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after buying an additional 1,000 shares during the period. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Up 4.2%

SN traded up $3.57 during trading on Thursday, reaching $89.26. The company had a trading volume of 1,996,447 shares, compared to its average volume of 1,508,625. The company has a market cap of $12.59 billion, a P/E ratio of 28.25, a PEG ratio of 1.72 and a beta of 1.70. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. The business's fifty day moving average price is $87.18 and its 200 day moving average price is $94.52.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SN. JPMorgan Chase & Co. lowered their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group upped their target price on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Guggenheim cut their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Oppenheimer boosted their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Morgan Stanley upped their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

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.