Man Group plc Takes Position in SharkNinja, Inc. (NYSE:SN)

Man Group plc bought a new position in SharkNinja, Inc. (NYSE:SN - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,267 shares of the company's stock, valued at approximately $1,097,000.

Several other hedge funds also recently bought and sold shares of SN. FMR LLC raised its holdings in SharkNinja by 59.8% in the fourth 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. HighTower Advisors LLC raised its holdings in SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after purchasing an additional 2,155,136 shares during the period. Norges Bank acquired a new stake in SharkNinja in the fourth quarter worth $100,845,000. Palestra Capital Management LLC raised its holdings in SharkNinja by 83.4% in the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after purchasing an additional 809,960 shares during the period. Finally, Greenvale Capital LLP bought a new stake in shares of SharkNinja during the fourth quarter worth $73,020,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on SN. 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. Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley increased their price objective 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, 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. One analyst has rated the stock with a hold rating and eight 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 price target of $121.50.

SharkNinja Stock Up 2.1%

SharkNinja stock traded up $1.95 during mid-day trading on Thursday, reaching $94.66. The company's stock had a trading volume of 378,834 shares, compared to its average volume of 1,656,277. The company has a market capitalization of $13.35 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The business's 50 day simple moving average is $84.16 and its 200 day simple moving average is $95.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results 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. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 earnings per share. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current 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.