R Squared Ltd Buys Shares of 560 SharkNinja, Inc. (NYSE:SN)

R Squared Ltd bought a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 560 shares of the company’s stock, valued at approximately $55,000.

Several other large investors also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after buying an additional 3,321,684 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock worth $198,464,000 after acquiring an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of SharkNinja in the third quarter worth $114,878,000. WCM Investment Management LLC purchased a new position in shares of SharkNinja in the third quarter valued at $23,874,000. Finally, Artemis Investment Management LLP bought a new stake in shares of SharkNinja during the 3rd quarter valued at $24,391,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

SN has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Jefferies Financial Group upped their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Guggenheim raised their price target on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Canaccord Genuity Group boosted their price target on shares of SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and an average price target of $117.28.

SharkNinja Stock Performance

SharkNinja stock opened at $111.66 on Friday. The firm’s fifty day moving average price is $102.67 and its 200-day moving average price is $97.98. SharkNinja, Inc. has a fifty-two week low of $45.85 and a fifty-two week high of $115.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The stock has a market cap of $15.63 billion, a P/E ratio of 43.79, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, equities research analysts expect that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal year.

SharkNinja Company 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.