Pertento Partners LLP Raises Stock Position in SharkNinja, Inc. (NYSE:SN)

Pertento Partners LLP grew its position in SharkNinja, Inc. (NYSE:SN) by 28.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 583,232 shares of the company’s stock after purchasing an additional 128,696 shares during the period. SharkNinja makes up approximately 4.8% of Pertento Partners LLP’s holdings, making the stock its 5th biggest position. Pertento Partners LLP owned 0.42% of SharkNinja worth $56,783,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after purchasing an additional 101,020 shares during the period. Tidal Investments LLC lifted its stake in shares of SharkNinja by 38.7% in the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after acquiring an additional 5,416 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of SharkNinja in the third quarter valued at approximately $5,832,000. Harbor Capital Advisors Inc. increased its stake in shares of SharkNinja by 30.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company’s stock valued at $11,430,000 after acquiring an additional 27,436 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in SharkNinja by 112.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company’s stock worth $1,066,000 after purchasing an additional 5,790 shares in the last quarter. Institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

SN has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley lifted their target price on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group lifted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja Stock Down 1.9 %

Shares of NYSE:SN opened at $83.74 on Friday. The firm has a 50 day simple moving average of $101.91 and a 200 day simple moving average of $102.30. SharkNinja, Inc. has a 52 week low of $60.72 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The company has a market cap of $11.72 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last released its earnings results 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 business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. As a group, research analysts expect 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.