Premier Fund Managers Ltd Purchases New Holdings in SharkNinja, Inc. (NYSE:SN)

Premier Fund Managers Ltd bought a new position in shares of SharkNinja, Inc. (NYSE:SN) during the fourth quarter, Holdings Channel reports. The firm bought 8,208 shares of the company’s stock, valued at approximately $785,000.

Several other institutional investors also recently added to or reduced their stakes in SN. Penserra Capital Management LLC purchased a new position in SharkNinja during the 3rd quarter valued at about $525,000. The Manufacturers Life Insurance Company bought a new position in shares of SharkNinja during the third quarter valued at approximately $271,000. FMR LLC raised its holdings in SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock worth $1,120,543,000 after purchasing an additional 3,321,684 shares in the last quarter. Bridgewater Associates LP boosted its stake in SharkNinja by 115.9% in the 3rd quarter. Bridgewater Associates LP now owns 12,142 shares of the company’s stock worth $1,320,000 after purchasing an additional 6,518 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in SharkNinja by 306.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,404 shares of the company’s stock valued at $3,523,000 after purchasing an additional 24,423 shares during the period. Institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. 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 note on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective 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, Canaccord Genuity Group increased their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja Stock Down 5.1 %

SN stock opened at $85.15 on Friday. The company has a 50-day moving average of $102.43 and a two-hundred day moving average of $102.39. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. 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 52-week low of $60.57 and a 52-week high of $123.00.

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