SharkNinja, Inc. (NYSE:SN) Position Increased by Wellington Management Group LLP

Wellington Management Group LLP raised its position in SharkNinja, Inc. (NYSE:SN) by 47.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549,768 shares of the company’s stock after purchasing an additional 175,978 shares during the quarter. Wellington Management Group LLP owned approximately 0.39% of SharkNinja worth $53,525,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of SharkNinja in the 4th quarter valued at approximately $55,000. SG Americas Securities LLC acquired a new stake in SharkNinja in the fourth quarter valued at approximately $171,000. First Dallas Securities Inc. bought a new stake in SharkNinja in the third quarter worth approximately $215,000. World Investment Advisors LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth $244,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of SharkNinja during the 3rd quarter valued at $271,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Up 0.9 %

Shares of SN stock opened at $70.09 on Friday. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The firm has a market cap of $9.81 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The stock has a 50 day moving average of $98.77 and a 200-day moving average of $101.54.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. On average, equities analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group increased their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley upped their target price on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average price target of $122.50.

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.