Prevail Innovative Wealth Advisors LLC Invests $3.52 Million in SharkNinja, Inc. (NYSE:SN)

Prevail Innovative Wealth Advisors LLC bought a new position in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,148 shares of the company’s stock, valued at approximately $3,519,000.

Several other large investors have also bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of SharkNinja by 42.9% during the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock worth $699,021,000 after purchasing an additional 2,155,136 shares during the period. William Blair Investment Management LLC raised its holdings in SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock worth $275,270,000 after buying an additional 590,632 shares during the period. Baillie Gifford & Co. lifted its stake in SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock valued at $236,603,000 after buying an additional 604,559 shares in the last quarter. Norges Bank acquired a new position in shares of SharkNinja in the fourth quarter worth about $100,845,000. Finally, State Street Corp increased its position in shares of SharkNinja by 17.8% in the third quarter. State Street Corp now owns 667,003 shares of the company’s stock worth $72,510,000 after acquiring an additional 101,020 shares in the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Down 1.9 %

SharkNinja stock opened at $83.74 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 1-year low of $60.72 and a 1-year high of $123.00. The firm’s fifty day simple moving average is $101.91 and its 200-day simple moving average is $102.34. The company has a market capitalization of $11.72 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SN. Morgan Stanley lifted their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Canaccord Genuity Group upped their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Jefferies Financial Group upped their target price on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. One 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 a consensus rating of “Moderate Buy” and an average price target of $122.50.

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.