World Investment Advisors LLC Makes New $244,000 Investment in SharkNinja, Inc. (NYSE:SN)

World Investment Advisors LLC bought a new position in SharkNinja, Inc. (NYSE:SN) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,249 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after acquiring an additional 3,321,684 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of SharkNinja in the 2nd quarter valued at $190,482,000. Baillie Gifford & Co. grew its holdings in shares of SharkNinja by 6,408.9% during the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock worth $198,464,000 after purchasing an additional 1,797,578 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of SharkNinja during the 3rd quarter worth about $114,878,000. Finally, Thrivent Financial for Lutherans raised its holdings in SharkNinja by 29.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock valued at $127,450,000 after buying an additional 380,926 shares during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SN shares. The Goldman Sachs Group lifted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their target price on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Guggenheim upped their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Oppenheimer assumed coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.39.

SharkNinja Trading Up 0.3 %

SN opened at $95.18 on Friday. The business has a fifty day moving average price of $101.62 and a 200 day moving average price of $91.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. SharkNinja, Inc. has a 12 month low of $45.85 and a 12 month high of $112.93. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.65 and a beta of 1.00.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. Sell-side analysts expect that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

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.