Yelin Lapidot Holdings Management Ltd. Purchases New Holdings in SharkNinja, Inc. (NYSE:SN)

Yelin Lapidot Holdings Management Ltd. acquired a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24,900 shares of the company's stock, valued at approximately $2,077,000.

A number of other institutional investors have also recently bought and sold shares of SN. FMR LLC grew its position in SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after acquiring an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after purchasing an additional 2,155,136 shares during the last quarter. William Blair Investment Management LLC boosted 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 worth $275,270,000 after purchasing an additional 590,632 shares in the last quarter. Palestra Capital Management LLC increased its position in SharkNinja by 83.4% during the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after buying an additional 809,960 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in SharkNinja by 24.3% during 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 in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

NYSE:SN traded up $7.22 during mid-day trading on Wednesday, hitting $106.48. 4,652,410 shares of the company's stock traded hands, compared to its average volume of 1,526,956. The firm has a market capitalization of $15.02 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.67. The firm has a 50 day moving average of $90.55 and a two-hundred day moving average of $94.15. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 earnings per share. On average, equities analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on SN shares. The Goldman Sachs Group upped their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Oppenheimer boosted their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Guggenheim decreased their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Morgan Stanley lifted their price target on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price 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.