SharkNinja, Inc. (NYSE:SN) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. raised its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 170,333.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,226 shares of the company's stock after purchasing an additional 10,220 shares during the quarter. NBC Securities Inc.'s holdings in SharkNinja were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SN. FMR LLC grew its stake in 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 acquiring an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC grew its stake in SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after acquiring an additional 2,155,136 shares in the last quarter. Norges Bank bought a new position in SharkNinja in the 4th quarter worth about $100,845,000. Palestra Capital Management LLC grew its stake 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 in the last quarter. Finally, Greenvale Capital LLP bought a new position in SharkNinja in the 4th quarter worth about $73,020,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on SN shares. 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 note on Friday, April 11th. The Goldman Sachs Group upped their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Guggenheim dropped their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Morgan Stanley increased their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, SharkNinja has an average rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Stock Down 0.7%

SN traded down $0.59 during trading on Thursday, hitting $87.32. The stock had a trading volume of 2,331,398 shares, compared to its average volume of 1,467,623. The company has a market capitalization of $12.32 billion, a PE ratio of 28.08, a PEG ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a 50 day simple moving average of $84.48 and a two-hundred day simple moving average of $95.39.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.14. The company 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%. SharkNinja's revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. On average, research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.