Handelsbanken Fonder AB Has $1.43 Million Position in SharkNinja, Inc. (NYSE:SN)

Handelsbanken Fonder AB increased its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 33.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,100 shares of the company's stock after purchasing an additional 4,300 shares during the period. Handelsbanken Fonder AB's holdings in SharkNinja were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. 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. Quarry LP acquired a new stake in shares of SharkNinja during the 4th quarter worth $47,000. Continuum Advisory LLC increased its position in shares of SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after purchasing an additional 550 shares during the period. Covestor Ltd raised 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 purchasing an additional 475 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC raised 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 purchasing an additional 1,000 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

SharkNinja Price Performance

Shares of SN traded up $3.73 during trading hours on Wednesday, reaching $89.42. The stock had a trading volume of 1,304,447 shares, compared to its average volume of 1,502,377. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The stock has a market capitalization of $12.61 billion, a PE ratio of 28.26, a PEG ratio of 1.68 and a beta of 1.70. The company's 50-day moving average is $86.64 and its two-hundred day moving average is $94.62.

SharkNinja (NYSE:SN - Get Free Report) last posted 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. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $1.06 earnings per share. Research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.