SharkNinja, Inc. (NYSE:SN) Shares Acquired by Pertento Partners LLP

Pertento Partners LLP boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 28.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 583,232 shares of the company’s stock after acquiring an additional 128,696 shares during the quarter. SharkNinja makes up approximately 4.8% of Pertento Partners LLP’s portfolio, making the stock its 5th largest holding. Pertento Partners LLP’s holdings in SharkNinja were worth $56,783,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new stake in SharkNinja during the third quarter worth approximately $271,000. Bridgewater Associates LP boosted its holdings in shares of SharkNinja by 115.9% during the 3rd quarter. Bridgewater Associates LP now owns 12,142 shares of the company’s stock worth $1,320,000 after buying an additional 6,518 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in SharkNinja by 306.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,404 shares of the company’s stock valued at $3,523,000 after buying an additional 24,423 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in SharkNinja in the 3rd quarter worth $163,000. Finally, Summit Partners Public Asset Management LLC lifted its position in SharkNinja by 18.9% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 193,591 shares of the company’s stock worth $21,045,000 after acquiring an additional 30,813 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Trading Down 1.9 %

Shares of SharkNinja stock opened at $83.74 on Friday. The firm has a market capitalization of $11.72 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company’s fifty day moving average price is $101.91 and its two-hundred day moving average price is $102.30. SharkNinja, Inc. has a 52-week low of $60.72 and a 52-week high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN) last released its quarterly earnings data 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 return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. On average, analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Ratings Changes

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