2,814 Shares in SharkNinja, Inc. (NYSE:SN) Acquired by Emerald Advisers LLC

Emerald Advisers LLC acquired a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,814 shares of the company's stock, valued at approximately $235,000.

Several other large investors have also made changes to their positions in the company. FMR LLC raised its position in SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after purchasing an additional 6,160,226 shares during the period. Norges Bank purchased a new stake in shares of SharkNinja during the 4th quarter valued at about $100,845,000. Palestra Capital Management LLC raised its holdings in shares of SharkNinja by 83.4% during the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock valued at $173,377,000 after buying an additional 809,960 shares during the period. Greenvale Capital LLP purchased a new position in SharkNinja in the 4th quarter worth approximately $73,020,000. Finally, William Blair Investment Management LLC grew its position in SharkNinja by 26.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after acquiring an additional 590,632 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SN. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research note on Monday, June 30th. The Goldman Sachs Group boosted their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Morgan Stanley raised their price objective on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Guggenheim reduced their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. dropped their price target 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 investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Stock Performance

SN stock traded up $0.75 during trading on Monday, hitting $111.74. 1,015,712 shares of the company's stock traded hands, compared to its average volume of 1,696,046. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 2.14 and a beta of 1.66. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The stock has a fifty day moving average price of $94.99 and a two-hundred day moving average price of $94.71. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The business 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 EPS. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

SharkNinja 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.