Polar Capital Holdings Plc Acquires 69,411 Shares of SharkNinja, Inc. (NYSE:SN)

Polar Capital Holdings Plc boosted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 160.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,667 shares of the company's stock after acquiring an additional 69,411 shares during the period. Polar Capital Holdings Plc owned 0.08% of SharkNinja worth $10,969,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SN. Quarry LP purchased a new position in shares of SharkNinja in the 4th quarter worth $47,000. R Squared Ltd purchased a new position in shares of SharkNinja in the 4th quarter worth $55,000. Covestor Ltd grew its stake in shares of SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of SharkNinja in the 4th quarter worth $171,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of SharkNinja in the 4th quarter worth $209,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SN. JPMorgan Chase & Co. dropped 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. Morgan Stanley raised their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. The Goldman Sachs Group raised their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Jefferies Financial Group raised their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group raised their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, SharkNinja has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Trading Down 1.7%

SN traded down $1.74 on Wednesday, reaching $98.86. 266,849 shares of the company traded hands, compared to its average volume of 1,447,116. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The firm has a fifty day simple moving average of $83.42 and a two-hundred day simple moving average of $95.78. The company has a market cap of $13.94 billion, a P/E ratio of 31.80, a price-to-earnings-growth 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 (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. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business posted $1.06 EPS. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.