Zacks Investment Management Buys 257 Shares of SharkNinja, Inc. (NYSE:SN)

Zacks Investment Management grew its stake in SharkNinja, Inc. (NYSE:SN) by 1.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,879 shares of the company’s stock after buying an additional 257 shares during the quarter. Zacks Investment Management’s holdings in SharkNinja were worth $1,546,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SN. Jump Financial LLC raised its holdings in shares of SharkNinja by 161.1% during the 4th quarter. Jump Financial LLC now owns 110,314 shares of the company’s stock valued at $10,740,000 after buying an additional 68,058 shares in the last quarter. XTX Topco Ltd bought a new position in SharkNinja during the fourth quarter valued at approximately $790,000. Mariner LLC purchased a new position in shares of SharkNinja during the fourth quarter worth approximately $264,000. Cooper Creek Partners Management LLC lifted its holdings in shares of SharkNinja by 90.2% in the 4th quarter. Cooper Creek Partners Management LLC now owns 829,454 shares of the company’s stock worth $80,756,000 after acquiring an additional 393,369 shares during the last quarter. Finally, Archon Capital Management LLC boosted its stake in shares of SharkNinja by 157.9% in the 4th quarter. Archon Capital Management LLC now owns 68,600 shares of the company’s stock valued at $6,679,000 after purchasing an additional 42,000 shares in the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

SN opened at $74.25 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a market capitalization of $10.42 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The stock’s 50 day moving average price is $89.53 and its 200-day moving average price is $98.85. SharkNinja, Inc. has a 52-week low of $60.50 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 analysts’ expectations of $1.61 billion. On average, equities research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on SN. Morgan Stanley lifted their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group increased their target price on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their price target on SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.28.

SharkNinja Profile

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.