Universal Beteiligungs und Servicegesellschaft mbH Takes Position in SharkNinja, Inc. (NYSE:SN)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 96,132 shares of the company's stock, valued at approximately $9,359,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of SharkNinja at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Employees Retirement System of Texas lifted its position in shares of SharkNinja by 44.0% during the fourth quarter. Employees Retirement System of Texas now owns 17,293 shares of the company's stock worth $1,684,000 after purchasing an additional 5,284 shares in the last quarter. Azzad Asset Management Inc. ADV increased its stake in SharkNinja by 0.8% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company's stock worth $3,685,000 after buying an additional 296 shares during the period. Jefferies Financial Group Inc. acquired a new position in SharkNinja in the 4th quarter worth $924,000. Forum Financial Management LP purchased a new position in SharkNinja in the 4th quarter valued at about $266,000. Finally, Continuum Advisory LLC grew its stake in shares of SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after acquiring an additional 550 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group raised their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Guggenheim reduced their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group increased their price target 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, Jefferies Financial Group raised their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Stock Performance

SN traded down $2.67 during trading hours on Wednesday, hitting $89.65. The company's stock had a trading volume of 758,331 shares, compared to its average volume of 1,457,729. The company has a 50-day simple moving average of $84.40 and a 200 day simple moving average of $95.45. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $12.64 billion, a PE ratio of 28.83, a PEG ratio of 2.35 and a beta of 1.68. 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 released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the business posted $1.06 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, sell-side analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current 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.