SharkNinja, Inc. (NYSE:SN) Shares Bought by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV increased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 28.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,674 shares of the company’s stock after acquiring an additional 10,822 shares during the period. Azzad Asset Management Inc. ADV’s holdings in SharkNinja were worth $4,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Cannell & Spears LLC acquired a new stake in SharkNinja in the 4th quarter worth about $18,125,000. FMR LLC boosted its holdings in SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company’s stock worth $1,603,311,000 after buying an additional 6,160,226 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in SharkNinja in the 4th quarter worth about $37,187,000. Mawer Investment Management Ltd. boosted its holdings in SharkNinja by 3.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company’s stock worth $28,702,000 after buying an additional 10,413 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in SharkNinja by 170,333.3% in the 1st quarter. NBC Securities Inc. now owns 10,226 shares of the company’s stock worth $852,000 after buying an additional 10,220 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Down 6.7%

SN opened at $82.04 on Friday. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The stock has a market capitalization of $11.57 billion, a PE ratio of 26.38, a P/E/G ratio of 2.35 and a beta of 1.70. The business’s 50 day moving average price is $86.08 and its 200 day moving average price is $94.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm earned $1.06 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year. As a group, equities research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SN shares. JPMorgan Chase & Co. lowered their price objective on SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group boosted their target price on SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Oppenheimer boosted their target price on SharkNinja from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Guggenheim lowered their target price on SharkNinja from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Finally, Morgan Stanley boosted their target price on SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.50.

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.