Nuveen Asset Management LLC Has $50.49 Million Stake in SharkNinja, Inc. (NYSE:SN)

Nuveen Asset Management LLC trimmed its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518,632 shares of the company's stock after selling 4,466 shares during the period. Nuveen Asset Management LLC owned about 0.37% of SharkNinja worth $50,494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cannell & Spears LLC acquired a new stake in SharkNinja in the 4th quarter worth $18,125,000. Janney Montgomery Scott LLC boosted its position in shares of SharkNinja by 112.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock valued at $1,066,000 after acquiring an additional 5,790 shares in the last quarter. FMR LLC boosted its position in shares of SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SharkNinja during the 4th quarter valued at about $37,187,000. Finally, Mawer Investment Management Ltd. boosted its position in shares of SharkNinja by 3.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock valued at $28,702,000 after acquiring an additional 10,413 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased 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. The Goldman Sachs Group lifted their target price on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Oppenheimer lifted their target price on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Trading Down 1.1%

Shares of SN stock opened at $100.95 on Tuesday. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a market capitalization of $14.24 billion, a P/E ratio of 32.46, a P/E/G ratio of 2.35 and a beta of 1.68. The firm has a 50-day moving average price of $83.14 and a 200 day moving average price of $95.74. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

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, topping analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. The company's revenue was up 14.7% on a year-over-year basis. Research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal 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.

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