First Trust Advisors LP Has $22.08 Million Holdings in SharkNinja, Inc. (NYSE:SN)

First Trust Advisors LP raised its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 489.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,751 shares of the company's stock after buying an additional 188,283 shares during the period. First Trust Advisors LP owned about 0.16% of SharkNinja worth $22,076,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake 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 purchasing an additional 6,160,226 shares during the period. HighTower Advisors LLC raised its stake in shares of SharkNinja by 42.9% during the fourth 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 period. Norges Bank purchased a new stake in shares of SharkNinja during the fourth quarter valued at approximately $100,845,000. Baillie Gifford & Co. raised its stake in shares of SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after purchasing an additional 604,559 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of SharkNinja by 26.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock valued at $275,270,000 after purchasing an additional 590,632 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

SN traded down $0.88 during trading on Wednesday, hitting $80.53. The company's stock had a trading volume of 873,263 shares, compared to its average volume of 1,411,829. The firm's 50 day moving average price is $84.85 and its two-hundred day moving average price is $97.28. 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 stock has a market capitalization of $11.30 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. 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. JPMorgan Chase & Co. cut their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group cut their price target on SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.72.

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.