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

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

Several other hedge funds also recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. grew its stake in shares of SharkNinja by 3.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company’s stock valued at $28,702,000 after buying an additional 10,413 shares in the last quarter. RWA Wealth Partners LLC purchased a new stake in SharkNinja during the fourth quarter worth about $1,580,000. Pertento Partners LLP boosted its stake in shares of SharkNinja by 28.3% in the fourth quarter. Pertento Partners LLP now owns 583,232 shares of the company’s stock valued at $56,783,000 after purchasing an additional 128,696 shares during the period. Premier Fund Managers Ltd acquired a new position in shares of SharkNinja in the fourth quarter valued at approximately $785,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in SharkNinja by 72.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 385,254 shares of the company’s stock worth $37,508,000 after buying an additional 161,552 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Price Performance

SN stock opened at $83.74 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The stock’s fifty day simple moving average is $101.91 and its 200-day simple moving average is $102.34. SharkNinja, Inc. has a 52-week low of $60.72 and a 52-week high of $123.00.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.20 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 company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Equities research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SN shares. JPMorgan Chase & Co. upped 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. Canaccord Genuity Group raised their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley upped their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.