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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in SN. Victory Capital Management Inc. raised its holdings in SharkNinja by 7.9% during the 4th quarter. Victory Capital Management Inc. now owns 8,461 shares of the company's stock worth $824,000 after purchasing an additional 620 shares during the last quarter. Assetmark Inc. increased its position in shares of SharkNinja by 6.5% during the fourth quarter. Assetmark Inc. now owns 5,166 shares of the company's stock worth $503,000 after buying an additional 316 shares during the period. Raymond James Financial Inc. bought a new position in SharkNinja during the fourth quarter worth $37,187,000. William Blair Investment Management LLC lifted its holdings in 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. Finally, Advisors Asset Management Inc. lifted its holdings in SharkNinja by 20.3% in the fourth quarter. Advisors Asset Management Inc. now owns 23,830 shares of the company's stock valued at $2,320,000 after buying an additional 4,013 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Down 0.0%

Shares of SN stock traded down $0.05 during trading hours on Friday, reaching $111.15. The company had a trading volume of 1,487,009 shares, compared to its average volume of 1,539,649. The company has a market cap of $15.68 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The business has a fifty day simple moving average of $94.45 and a 200-day simple moving average of $94.67.

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

Wall Street Analyst Weigh In

SN has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. 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. Morgan Stanley raised their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Guggenheim dropped their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a report on Monday, June 30th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $121.50.

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.