WT Asset Management Ltd Acquires Shares of 64,009 SharkNinja, Inc. (NYSE:SN)

WT Asset Management Ltd bought a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 64,009 shares of the company's stock, valued at approximately $3,275,000. SharkNinja comprises approximately 0.4% of WT Asset Management Ltd's investment portfolio, making the stock its 20th biggest holding.

Other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC acquired a new position in shares of SharkNinja during the third quarter worth approximately $229,844,000. FMR LLC acquired a new position in shares of SharkNinja during the third quarter worth approximately $99,595,000. Pertento Partners LLP acquired a new position in shares of SharkNinja during the third quarter worth approximately $42,883,000. 683 Capital Management LLC acquired a new position in shares of SharkNinja during the third quarter worth approximately $30,134,000. Finally, Morgan Stanley acquired a new position in shares of SharkNinja during the third quarter worth approximately $26,987,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Performance

SN traded down 0.65 during trading on Friday, reaching 62.29. The stock had a trading volume of 929,900 shares, compared to its average volume of 1,224,296. SharkNinja, Inc. has a 1-year low of 25.84 and a 1-year high of 62.95. The stock has a 50 day simple moving average of 54.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of 0.86 by 0.08. The firm had revenue of 1.38 billion during the quarter, compared to analysts' expectations of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. SharkNinja's revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Research analysts predict that SharkNinja, Inc. will post 3.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SN has been the subject of several analyst reports. Morgan Stanley initiated coverage on SharkNinja in a research report on Tuesday, January 30th. They set an "equal weight" rating and a $54.00 price objective for the company. The Goldman Sachs Group upped their target price on SharkNinja from $52.00 to $59.00 and gave the stock an "action list buy" rating in a research report on Friday, February 16th. Finally, Guggenheim assumed coverage on SharkNinja in a research report on Monday, February 5th. They issued a "buy" rating and a $60.00 target price for the company. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of 59.00.

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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.