NBC Securities Inc. Buys 10,220 Shares of SharkNinja, Inc. (NYSE:SN)

NBC Securities Inc. raised its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 170,333.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in SharkNinja by 14,737.7% during the 1st quarter. GAMMA Investing LLC now owns 29,527 shares of the company's stock valued at $2,463,000 after purchasing an additional 29,328 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of SharkNinja by 47.1% during the fourth quarter. Wellington Management Group LLP now owns 549,768 shares of the company's stock worth $53,525,000 after buying an additional 175,978 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of SharkNinja during the fourth quarter worth $9,359,000. Employees Retirement System of Texas lifted its holdings in shares of SharkNinja by 44.0% during the fourth quarter. Employees Retirement System of Texas now owns 17,293 shares of the company's stock worth $1,684,000 after buying an additional 5,284 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its holdings in shares of SharkNinja by 0.8% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company's stock worth $3,685,000 after buying an additional 296 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SN shares. Morgan Stanley lifted their target price on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Canaccord Genuity Group lifted their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Oppenheimer lifted their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Jefferies Financial Group boosted their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price target on SharkNinja from $100.00 to $112.00 and gave the company a "buy" 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Price Performance

NYSE SN traded up $0.10 during trading on Friday, hitting $87.37. 1,054,705 shares of the company's stock were exchanged, compared to its average volume of 1,467,824. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The company has a market cap of $12.32 billion, a PE ratio of 28.09, a P/E/G ratio of 2.35 and a beta of 1.70. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The stock's 50 day moving average price is $84.62 and its two-hundred day moving average price is $95.23.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping 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 32.51% and a net margin of 7.94%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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.