UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 14,777 Shares of SharkNinja, Inc. (NYSE:SN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 45.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,181 shares of the company's stock after purchasing an additional 14,777 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in SharkNinja were worth $4,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SN. Quarry LP acquired a new stake in shares of SharkNinja during the fourth quarter worth $47,000. 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 valued at $63,000 after buying an additional 475 shares in the last quarter. Safe Harbor Fiduciary LLC grew its holdings in shares of SharkNinja by 200.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after buying an additional 1,000 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of SharkNinja during the fourth quarter valued at $171,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of SharkNinja during the fourth quarter valued at $209,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SN. Oppenheimer lifted their price target on SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Guggenheim lowered their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Canaccord Genuity Group lifted their price target on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Morgan Stanley lifted their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, SharkNinja has a consensus rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Stock Up 0.1%

SN stock traded up $0.10 during mid-day trading on Friday, hitting $87.37. The stock had a trading volume of 1,054,705 shares, compared to its average volume of 1,466,833. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00. The company has a fifty day moving average of $84.62 and a 200 day moving average of $95.23. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.35 and a beta of 1.70.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the firm posted $1.06 EPS. The business's revenue was up 14.7% compared to the same quarter last year. On average, equities analysts expect that SharkNinja, Inc. will post 4.52 EPS 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.