Universal Beteiligungs und Servicegesellschaft mbH Grows Stake in SharkNinja, Inc. (NYSE:SN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in SharkNinja, Inc. by 5.1%, holding 100,997 shares worth approximately $8.42 million as of its last SEC filing.
• SharkNinja reported earnings of $0.87 per share, surpassing estimates and showcasing a 14.7% year-over-year revenue growth to $1.22 billion.
• Brokerages have provided bullish outlooks on SharkNinja, with various price targets raised, the highest being set by Jefferies Financial Group at $175.00.

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,997 shares of the company's stock after buying an additional 4,865 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of SharkNinja worth $8,424,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. WCM Investment Management LLC increased its position in SharkNinja by 27.1% during the first quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock worth $18,633,000 after acquiring an additional 47,339 shares during the period. Cannell & Spears LLC bought a new stake in shares of SharkNinja during the 4th quarter valued at approximately $18,125,000. FMR LLC grew its holdings in shares of SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after purchasing an additional 6,160,226 shares during the last quarter. GAMMA Investing LLC boosted its position in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after buying an additional 155 shares during the period. Finally, Lisanti Capital Growth LLC acquired a new stake in SharkNinja during the 1st quarter worth approximately $350,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SN shares. JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. The Goldman Sachs Group boosted their price target on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research note on Monday, June 30th. Oppenheimer boosted their price target on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Guggenheim dropped their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and an average price target of $129.13.

SharkNinja Trading Down 1.3%

Shares of NYSE SN traded down $1.57 during trading hours on Wednesday, hitting $116.98. 1,088,671 shares of the company traded hands, compared to its average volume of 1,433,964. The company's 50 day moving average price is $100.55 and its 200 day moving average price is $96.23. The stock has a market capitalization of $16.50 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 2.29 and a beta of 1.66. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. 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 business posted $1.06 earnings per share. The firm's revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts anticipate 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.