SharkNinja, Inc. (NYSE:SN) Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC increased its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,766 shares of the company's stock after acquiring an additional 47,339 shares during the quarter. WCM Investment Management LLC owned approximately 0.16% of SharkNinja worth $18,633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SN. GAMMA Investing LLC boosted its stake in shares of SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Quarry LP acquired a new stake in SharkNinja during the 4th quarter worth $47,000. Continuum Advisory LLC grew its holdings in shares of SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after buying an additional 550 shares in the last quarter. Covestor Ltd grew its holdings in shares of SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC lifted its stake in shares of SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SN shares. Oppenheimer upped their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Morgan Stanley upped their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. The Goldman Sachs Group lifted their price objective on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Guggenheim lowered their price objective on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. cut their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, SharkNinja has an average rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Trading Up 7.3%

SN traded up $7.22 during trading hours on Wednesday, reaching $106.48. The company's stock had a trading volume of 4,652,410 shares, compared to its average volume of 1,526,956. The business's 50-day moving average is $90.55 and its 200-day moving average is $94.15. 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 stock has a market cap of $15.02 billion, a PE ratio of 33.70, a P/E/G ratio of 1.91 and a beta of 1.67. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.73 by $0.14. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The company's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS. As a group, equities research analysts predict 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.