934,364 Shares in SharkNinja, Inc. (NYSE:SN) Acquired by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in SharkNinja, Inc. (NYSE:SN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 934,364 shares of the company’s stock, valued at approximately $47,811,000. Wellington Management Group LLP owned approximately 0.67% of SharkNinja at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC bought a new position in SharkNinja during the fourth quarter worth about $37,000. Tower Research Capital LLC TRC bought a new position in shares of SharkNinja during the fourth quarter worth approximately $97,000. 1492 Capital Management LLC raised its position in shares of SharkNinja by 16.0% in the fourth quarter. 1492 Capital Management LLC now owns 15,884 shares of the company’s stock valued at $813,000 after buying an additional 2,193 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of SharkNinja by 60.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 11,615 shares of the company’s stock valued at $594,000 after buying an additional 4,380 shares during the period. Finally, Deuterium Capital Management LLC acquired a new stake in SharkNinja during the fourth quarter worth approximately $256,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at 79.09 on Friday. The company’s 50 day moving average price is 71.61 and its two-hundred day moving average price is 59.75. The firm has a market capitalization of $11.07 billion and a P/E ratio of 58.59. SharkNinja, Inc. has a fifty-two week low of 25.84 and a fifty-two week high of 80.81. 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:SN) last released its quarterly earnings data on Thursday, May 9th. The company reported 1.06 earnings per share for the quarter, beating the consensus estimate of 0.95 by 0.11. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The company had revenue of 1.07 billion for the quarter, compared to the consensus estimate of 949.88 million. During the same quarter last year, the business posted $0.86 EPS. SharkNinja’s revenue for the quarter was up 24.7% on a year-over-year basis. On average, equities analysts forecast that SharkNinja, Inc. will post 3.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SN shares. China Renaissance assumed coverage on SharkNinja in a report on Wednesday, May 29th. They issued a “buy” rating for the company. JPMorgan Chase & Co. started coverage on shares of SharkNinja in a research note on Thursday, April 4th. They set an “overweight” rating and a $70.00 price objective on the stock. Canaccord Genuity Group raised their target price on shares of SharkNinja from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, May 10th. Bank of America assumed coverage on shares of SharkNinja in a report on Thursday, May 16th. They set a “buy” rating and a $90.00 price target for the company. Finally, The Goldman Sachs Group lifted 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of 74.56.

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.