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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of SN. Cannell & Spears LLC acquired a new stake in shares of SharkNinja during the fourth quarter worth approximately $18,125,000. Janney Montgomery Scott LLC boosted its stake in SharkNinja by 112.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock valued at $1,066,000 after acquiring an additional 5,790 shares during the period. FMR LLC boosted its holdings in shares of SharkNinja by 59.8% during the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares during the period. Raymond James Financial Inc. bought a new stake in SharkNinja during the 4th quarter valued at $37,187,000. Finally, Mawer Investment Management Ltd. lifted its holdings in SharkNinja by 3.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock worth $28,702,000 after purchasing an additional 10,413 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Price Performance

NYSE:SN opened at $98.86 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a fifty day moving average price of $81.98 and a 200 day moving average price of $95.80. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The stock has a market cap of $13.87 billion, a P/E ratio of 31.79, a PEG ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company earned $1.06 earnings per share. The business's revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Canaccord Genuity Group upped their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. Oppenheimer raised their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group upped their target price on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Guggenheim reduced their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, SharkNinja currently has a consensus 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.

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