SharkNinja, Inc. (NYSE:SN) Stock Position Boosted by Hood River Capital Management LLC

Hood River Capital Management LLC lifted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,048,390 shares of the company's stock after acquiring an additional 242,723 shares during the period. SharkNinja accounts for approximately 1.5% of Hood River Capital Management LLC's portfolio, making the stock its 13th biggest holding. Hood River Capital Management LLC owned 0.75% of SharkNinja worth $102,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in SharkNinja by 59.8% during the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $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% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after acquiring an additional 2,155,136 shares during the period. Norges Bank purchased a new position in shares of SharkNinja in the 4th quarter valued at $100,845,000. Baillie Gifford & Co. lifted its holdings in shares of SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after acquiring an additional 604,559 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after purchasing an additional 590,632 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on SN. The Goldman Sachs Group cut their price objective on SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group upped their price target on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. 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 upped 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and an average price target of $116.72.

SharkNinja Stock Performance

Shares of NYSE SN traded down $0.52 during mid-day trading on Monday, hitting $79.26. The company had a trading volume of 531,644 shares, compared to its average volume of 1,406,769. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 2.35 and a beta of 1.65. The firm's 50 day simple moving average is $86.07 and its two-hundred day simple moving average is $97.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00.

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

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.