Victory Capital Management Inc. Has $824,000 Stake in SharkNinja, Inc. (NYSE:SN)

Victory Capital Management Inc. grew its holdings in SharkNinja, Inc. (NYSE:SN) by 7.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,461 shares of the company’s stock after acquiring an additional 620 shares during the period. Victory Capital Management Inc.’s holdings in SharkNinja were worth $824,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SN. FMR LLC boosted its position in shares of SharkNinja by 47.5% during the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock worth $1,120,543,000 after buying an additional 3,321,684 shares during the period. Baillie Gifford & Co. increased its stake in shares of SharkNinja by 33.1% during the fourth 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 during the period. Westfield Capital Management Co. LP bought a new position in SharkNinja during the 3rd quarter worth $114,878,000. State Street Corp boosted its holdings in shares of SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after purchasing an additional 101,020 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in shares of SharkNinja by 74.2% during the 4th quarter. Artemis Investment Management LLP now owns 390,757 shares of the company’s stock valued at $38,044,000 after acquiring an additional 166,392 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Trading Down 1.2 %

Shares of SN stock opened at $89.15 on Friday. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a fifty day moving average price of $104.18 and a 200-day moving average price of $102.63. SharkNinja, Inc. has a 1 year low of $59.12 and a 1 year high of $123.00.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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. As a group, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.