255,795 Shares in SharkNinja, Inc. (NYSE:SN) Purchased by Jennison Associates LLC

Jennison Associates LLC acquired a new position in SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 255,795 shares of the company's stock, valued at approximately $21,336,000. Jennison Associates LLC owned approximately 0.18% of SharkNinja at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares during the period. Norges Bank purchased a new position in shares of SharkNinja during the fourth quarter valued at approximately $100,845,000. Palestra Capital Management LLC raised its holdings in SharkNinja by 83.4% in the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after acquiring an additional 809,960 shares during the last quarter. Greenvale Capital LLP purchased a new stake in SharkNinja during the 4th quarter valued at $73,020,000. Finally, Cooper Creek Partners Management LLC grew its position in shares of SharkNinja by 90.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 829,454 shares of the company's stock valued at $80,756,000 after acquiring an additional 393,369 shares during the period. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Performance

SharkNinja stock traded down $1.37 during trading hours on Thursday, reaching $118.09. 286,558 shares of the stock were exchanged, compared to its average volume of 1,678,567. 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 firm's 50 day moving average is $98.70 and its 200 day moving average is $95.69. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00. The stock has a market cap of $16.66 billion, a P/E ratio of 37.38, a P/E/G ratio of 2.26 and a beta of 1.66.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 company'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. Analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SN. Oppenheimer increased their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Canaccord Genuity Group raised their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. 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 report on Friday, May 9th. Finally, The Goldman Sachs Group boosted their price target 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, SharkNinja currently has an average rating of "Moderate Buy" and a consensus price target of $121.50.

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.