Parallel Advisors LLC Purchases New Shares in SharkNinja, Inc. (NYSE:SN)

Parallel Advisors LLC purchased a new stake in SharkNinja, Inc. (NYSE:SNFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 720 shares of the company’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jump Financial LLC purchased a new position in SharkNinja during the 4th quarter worth $2,433,000. TimesSquare Capital Management LLC purchased a new position in SharkNinja during the 4th quarter worth $2,738,000. Pertento Partners LLP raised its position in SharkNinja by 7.9% during the 4th quarter. Pertento Partners LLP now owns 997,791 shares of the company’s stock worth $51,057,000 after buying an additional 72,782 shares during the last quarter. Mawer Investment Management Ltd. raised its position in SharkNinja by 291.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 94,006 shares of the company’s stock worth $4,810,000 after buying an additional 70,019 shares during the last quarter. Finally, AI Squared Management Ltd purchased a new position in SharkNinja during the 4th quarter worth $957,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Down 0.2 %

Shares of SN stock opened at 75.80 on Friday. The firm has a market cap of $10.60 billion and a P/E ratio of 56.15. The firm’s 50-day simple moving average is 68.56 and its 200-day simple moving average is 57.62. SharkNinja, Inc. has a 1-year low of 25.84 and a 1-year high of 80.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.92 and a quick ratio of 1.09.

SharkNinja (NYSE:SNGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported 1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of 0.95 by 0.11. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The business had revenue of 1.07 billion during the quarter, compared to analysts’ expectations of 949.88 million. During the same period in the previous year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, equities analysts forecast that SharkNinja, Inc. will post 3.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SN shares. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $74.00 to $83.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Morgan Stanley raised their price target on shares of SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. assumed coverage on shares of SharkNinja in a research note on Thursday, April 4th. They set an “overweight” rating and a $70.00 price target on the stock. Canaccord Genuity Group raised their price target on shares of SharkNinja from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Bank of America assumed coverage on shares of SharkNinja in a research note on Thursday, May 16th. They set a “buy” rating and a $90.00 price target on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of 74.56.

Get Our Latest Analysis on SN

About SharkNinja

(Free Report)

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.

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Institutional Ownership by Quarter for SharkNinja (NYSE:SN)

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