Titleist Asset Management LLC Invests $1.91 Million in SharkNinja, Inc. (NYSE:SN)

Titleist Asset Management LLC bought a new stake in shares of SharkNinja, Inc. (NYSE:SN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,593 shares of the company’s stock, valued at approximately $1,908,000.

Several other institutional investors have also bought and sold shares of the stock. HighTower Advisors LLC boosted its holdings in SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after acquiring an additional 2,155,136 shares during the last quarter. Norges Bank purchased a new position in SharkNinja during the fourth quarter worth about $100,845,000. Baillie Gifford & Co. grew its position in SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock worth $236,603,000 after purchasing an additional 604,559 shares in the last quarter. William Blair Investment Management LLC increased its stake in SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock valued at $275,270,000 after buying an additional 590,632 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of SharkNinja during the 4th quarter worth approximately $37,187,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

NYSE SN opened at $70.09 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The company has a market cap of $9.81 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The firm’s 50-day simple moving average is $98.77 and its two-hundred day simple moving average is $101.54.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.20 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 business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their target price on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Jefferies Financial Group upped their price objective on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Canaccord Genuity Group lifted their target price on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their price target 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. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.50.

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.