SharkNinja, Inc. (NYSE:SN) Shares Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV increased its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 28.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,674 shares of the company's stock after acquiring an additional 10,822 shares during the period. Azzad Asset Management Inc. ADV's holdings in SharkNinja were worth $4,060,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its holdings 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 buying an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after purchasing an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after purchasing an additional 590,632 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after buying an additional 604,559 shares during the period. Finally, Palestra Capital Management LLC raised its position in shares of SharkNinja by 83.4% during the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock valued at $173,377,000 after buying an additional 809,960 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SN shares. Morgan Stanley lifted their price target on shares of 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 upped 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. JPMorgan Chase & Co. lowered their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Guggenheim decreased their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Oppenheimer increased their target price on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. One investment 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Price Performance

SharkNinja stock traded up $5.65 during mid-day trading on Monday, reaching $87.78. The company had a trading volume of 1,011,644 shares, compared to its average volume of 1,497,815. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a market capitalization of $12.38 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.35 and a beta of 1.70. The stock's 50-day simple moving average is $86.08 and its 200-day simple moving average is $94.78.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.17 billion. During the same period last year, the company posted $1.06 earnings per share. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.