Cannell & Spears LLC Makes New $18.13 Million Investment in SharkNinja, Inc. (NYSE:SN)

Cannell & Spears LLC bought a new stake in SharkNinja, Inc. (NYSE:SN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 186,160 shares of the company’s stock, valued at approximately $18,125,000.

A number of other large investors have also recently made changes to their positions in SN. Wellington Management Group LLP lifted its stake in SharkNinja by 47.1% in the fourth quarter. Wellington Management Group LLP now owns 549,768 shares of the company’s stock worth $53,525,000 after purchasing an additional 175,978 shares during the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new position in SharkNinja during the 4th quarter valued at $3,519,000. Mawer Investment Management Ltd. increased its stake in SharkNinja by 3.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company’s stock worth $28,702,000 after purchasing an additional 10,413 shares during the period. RWA Wealth Partners LLC bought a new stake in shares of SharkNinja during the fourth quarter worth $1,580,000. Finally, Pertento Partners LLP grew its holdings in shares of SharkNinja by 28.3% in the fourth quarter. Pertento Partners LLP now owns 583,232 shares of the company’s stock worth $56,783,000 after purchasing an additional 128,696 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

Shares of SN stock opened at $83.74 on Monday. The company has a market cap of $11.72 billion, a P/E ratio of 26.92, a PEG 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. The stock’s 50-day moving average is $101.91 and its 200 day moving average is $102.37. SharkNinja, Inc. has a 1-year low of $60.72 and a 1-year high of $123.00.

SharkNinja (NYSE:SN) last released 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 firm 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%. Research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SN shares. JPMorgan Chase & Co. boosted 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. Morgan Stanley raised their price objective on 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 upped their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group increased their price target on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.