Mawer Investment Management Ltd. Acquires 32,400 Shares of SharkNinja, Inc. (NYSE:SN)

Key Points

• Mawer Investment Management Ltd. increased its stake in SharkNinja, Inc. by 11.0%, acquiring an additional 32,400 shares, bringing its total ownership to 327,198 shares valued at approximately $27.29 million.
• SharkNinja's recent quarterly earnings report revealed an EPS of $0.87, surpassing analysts' expectations and marking a year-over-year revenue growth of 14.7%.
• Several analysts have raised their price targets for SharkNinja, with Oppenheimer setting a new target of $135.00, contributing to an average target price of $129.13 among analysts.

Mawer Investment Management Ltd. boosted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 327,198 shares of the company's stock after buying an additional 32,400 shares during the period. Mawer Investment Management Ltd. owned about 0.23% of SharkNinja worth $27,292,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SN. WCM Investment Management LLC grew its stake in shares of SharkNinja by 27.1% in the 1st quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock valued at $18,633,000 after buying an additional 47,339 shares in the last quarter. Cannell & Spears LLC bought a new stake in shares of SharkNinja in the 4th quarter valued at approximately $18,125,000. FMR LLC grew its stake in shares of SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after buying an additional 6,160,226 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in SharkNinja during the first quarter worth approximately $350,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

NYSE SN traded down $4.61 on Friday, reaching $111.49. The stock had a trading volume of 1,007,902 shares, compared to its average volume of 1,652,917. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. The firm has a fifty day moving average of $100.97 and a two-hundred day moving average of $96.31. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. The company has a market cap of $15.72 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 2.26 and a beta of 1.66.

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, topping the consensus estimate 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 return on equity of 28.89% and a net margin of 7.86%. SharkNinja's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 EPS. On average, equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Jefferies Financial Group set a $175.00 target price on SharkNinja in a research report on Monday, June 30th. Guggenheim cut their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. Canaccord Genuity Group upped their price target on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. upped their price target on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, Morgan Stanley upped their price target on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. 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 presently has an average rating of "Moderate Buy" and a consensus price target of $129.13.

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.