World Investment Advisors Invests $268,000 in SharkNinja, Inc. (NYSE:SN)

World Investment Advisors purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,214 shares of the company's stock, valued at approximately $268,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised 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 worth $1,603,311,000 after buying an additional 6,160,226 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of SharkNinja by 26.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after buying an additional 590,632 shares during the period. Palestra Capital Management LLC increased its stake in shares of SharkNinja by 83.4% in the fourth 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. Federated Hermes Inc. increased its stake in shares of SharkNinja by 24.3% in the fourth quarter. Federated Hermes Inc. now owns 1,138,014 shares of the company's stock valued at $110,783,000 after buying an additional 222,377 shares during the period. Finally, Hood River Capital Management LLC increased its stake in shares of SharkNinja by 30.1% in the fourth quarter. Hood River Capital Management LLC now owns 1,048,390 shares of the company's stock valued at $102,071,000 after buying an additional 242,723 shares during the period. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Up 0.7%

Shares of SharkNinja stock traded up $0.75 on Monday, hitting $111.74. The company had a trading volume of 1,014,868 shares, compared to its average volume of 1,693,216. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 35.36, a P/E/G ratio of 2.14 and a beta of 1.66. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The stock has a 50 day moving average of $94.99 and a 200-day moving average of $94.71. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97.

SharkNinja (NYSE:SN - Get Free Report) last issued 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. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. SharkNinja's revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $1.06 earnings per share. As a group, sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analyst Weigh In

SN has been the subject of several recent research reports. Morgan Stanley increased their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Jefferies Financial Group set a $175.00 target price on SharkNinja in a research report on Monday, June 30th. Oppenheimer increased their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. The Goldman Sachs Group increased their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Guggenheim cut 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, SharkNinja currently has an average rating of "Moderate Buy" and a consensus price target of $121.50.

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.