William Blair Investment Management LLC Makes New $190.48 Million Investment in SharkNinja, Inc. (NYSE:SN)

William Blair Investment Management LLC acquired a new stake in SharkNinja, Inc. (NYSE:SN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,534,684 shares of the company’s stock, valued at approximately $190,482,000. William Blair Investment Management LLC owned approximately 1.81% of SharkNinja at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC purchased a new stake in SharkNinja during the fourth quarter worth about $37,000. Headlands Technologies LLC purchased a new stake in SharkNinja during the 1st quarter worth approximately $66,000. Picton Mahoney Asset Management acquired a new stake in SharkNinja during the 2nd quarter worth approximately $70,000. Kessler Investment Group LLC purchased a new position in SharkNinja in the 2nd quarter valued at approximately $125,000. Finally, Essex LLC purchased a new stake in shares of SharkNinja during the first quarter worth $204,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

SN has been the subject of several analyst reports. China Renaissance began coverage on SharkNinja in a research note on Wednesday, May 29th. They set a “buy” rating for the company. Bank of America raised their target price on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Canaccord Genuity Group upped their price objective on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their target price on SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group raised their price objective on shares of SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, August 12th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.81.

SharkNinja Stock Up 1.5 %

SharkNinja stock opened at $103.28 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. SharkNinja, Inc. has a 1-year low of $38.69 and a 1-year high of $104.13. The stock’s 50 day moving average price is $83.96 and its 200 day moving average price is $73.32. The company has a market cap of $14.45 billion, a PE ratio of 76.50, a price-to-earnings-growth ratio of 1.45 and a beta of 0.76.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, sell-side analysts predict that SharkNinja, Inc. will post 3.89 EPS 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.