GW&K Investment Management LLC Purchases 5,630 Shares of SharkNinja, Inc. (NYSE:SN)

GW&K Investment Management LLC raised its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 270,180 shares of the company's stock after buying an additional 5,630 shares during the period. GW&K Investment Management LLC owned about 0.19% of SharkNinja worth $22,536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SN. Forum Financial Management LP grew its position in shares of SharkNinja by 5.3% in the first quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock valued at $240,000 after purchasing an additional 144 shares during the last quarter. Voya Investment Management LLC grew its position in SharkNinja by 1.2% during the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock worth $1,282,000 after buying an additional 154 shares in the last quarter. GAMMA Investing LLC grew its position in SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after buying an additional 155 shares in the last quarter. Treasurer of the State of North Carolina grew its position in SharkNinja by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock worth $2,833,000 after buying an additional 180 shares in the last quarter. Finally, Xponance Inc. grew its position in SharkNinja by 5.4% during the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock worth $356,000 after buying an additional 220 shares in the last quarter. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 0.2%

SN stock traded down $0.28 during mid-day trading on Thursday, reaching $119.18. 465,246 shares of the company traded hands, compared to its average volume of 1,679,921. The stock has a market cap of $16.81 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 2.26 and a beta of 1.66. 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, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The firm's 50 day moving average price is $98.70 and its 200 day moving average price is $95.69.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. 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 previous year, the business earned $1.06 EPS. The company's quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SN shares. Canaccord Genuity Group raised their target price on SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Guggenheim lowered their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Oppenheimer raised their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. decreased their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock 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.