Azzad Asset Management Inc. ADV Boosts Stake in SharkNinja, Inc. (NYSE:SN)

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 Form 13F filing with the Securities and Exchange Commission. The firm owned 48,674 shares of the company's stock after acquiring an additional 10,822 shares during the quarter. Azzad Asset Management Inc. ADV's holdings in SharkNinja were worth $4,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Rhumbline Advisers boosted its stake in SharkNinja by 0.7% in the fourth quarter. Rhumbline Advisers now owns 67,130 shares of the company's stock valued at $6,536,000 after acquiring an additional 481 shares during the last quarter. Peregrine Investment Management Inc. bought a new stake in shares of SharkNinja in the 4th quarter worth approximately $6,375,000. Baillie Gifford & Co. raised its holdings in shares of SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after purchasing an additional 604,559 shares during the period. CIBC Asset Management Inc lifted its stake in SharkNinja by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock valued at $413,000 after purchasing an additional 219 shares during the last quarter. Finally, GAM Holding AG grew its holdings in SharkNinja by 14.4% during the fourth quarter. GAM Holding AG now owns 114,479 shares of the company's stock valued at $11,146,000 after purchasing an additional 14,403 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

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

SharkNinja Price Performance

SN traded down $1.35 during trading on Tuesday, reaching $85.78. 1,415,786 shares of the company were exchanged, compared to its average volume of 1,502,929. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company's 50-day moving average is $86.64 and its two-hundred day moving average is $94.62. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 1.68 and a beta of 1.70.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 earnings per share. Research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal 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.