World Investment Advisors LLC Invests $244,000 in SharkNinja, Inc. (NYSE:SN)

World Investment Advisors LLC acquired a new position in shares of SharkNinja, Inc. (NYSE:SN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,249 shares of the company’s stock, valued at approximately $244,000.

Several other institutional investors have also modified their holdings of SN. FMR LLC raised its stake in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock worth $1,120,543,000 after acquiring an additional 3,321,684 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of SharkNinja during the second quarter worth about $190,482,000. Baillie Gifford & Co. lifted its holdings in shares of SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after purchasing an additional 1,797,578 shares during the last quarter. Thrivent Financial for Lutherans increased its position in SharkNinja by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock worth $127,450,000 after buying an additional 380,926 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in SharkNinja in the third quarter valued at approximately $114,878,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Guggenheim lifted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. Jefferies Financial Group increased their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley upped their price objective on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Oppenheimer assumed coverage on SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of $116.39.

SharkNinja Trading Up 0.3 %

NYSE:SN opened at $95.18 on Friday. SharkNinja, Inc. has a 1 year low of $45.85 and a 1 year high of $112.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The stock has a fifty day moving average price of $101.62 and a two-hundred day moving average price of $91.93. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 1.65 and a beta of 1.00.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business’s revenue was up 33.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share 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.