OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys New Stake in SharkNinja, Inc. (NYSE:SN)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in SharkNinja, Inc. (NYSE:SN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,000 shares of the company's stock, valued at approximately $1,947,000.

Other hedge funds have also added to or reduced their stakes in the company. Maven Securities LTD raised its stake in SharkNinja by 77.1% in the fourth quarter. Maven Securities LTD now owns 6,200 shares of the company's stock worth $604,000 after buying an additional 2,700 shares in the last quarter. Logan Capital Management Inc. raised its stake in SharkNinja by 4.9% in the fourth quarter. Logan Capital Management Inc. now owns 21,037 shares of the company's stock worth $2,048,000 after buying an additional 976 shares in the last quarter. Laurion Capital Management LP raised its stake in SharkNinja by 100.0% in the fourth quarter. Laurion Capital Management LP now owns 10,000 shares of the company's stock worth $974,000 after buying an additional 5,000 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in SharkNinja in the fourth quarter worth approximately $924,000. Finally, Granahan Investment Management LLC raised its stake in SharkNinja by 12.1% in the fourth quarter. Granahan Investment Management LLC now owns 171,383 shares of the company's stock worth $16,686,000 after buying an additional 18,558 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SN shares. Canaccord Genuity Group raised their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their target price 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. Jefferies Financial Group raised their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. The Goldman Sachs Group raised their target price 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. Finally, Oppenheimer raised their target price on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Stock Performance

Shares of SN traded up $1.31 during trading hours on Friday, reaching $102.00. 1,228,324 shares of the company traded hands, compared to its average volume of 1,453,575. The stock has a market capitalization of $14.39 billion, a P/E ratio of 32.80, a P/E/G ratio of 2.35 and a beta of 1.68. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The business has a fifty day moving average price of $82.95 and a 200-day moving average price of $95.64.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business'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. Equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

SharkNinja Company 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.