Grantham Mayo Van Otterloo & Co. LLC Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,862 shares of the company’s stock, valued at approximately $376,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of SharkNinja in the 4th quarter worth approximately $55,000. SG Americas Securities LLC acquired a new stake in SharkNinja in the fourth quarter valued at $171,000. First Dallas Securities Inc. purchased a new position in shares of SharkNinja in the third quarter valued at $215,000. World Investment Advisors LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth $244,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of SharkNinja in the 3rd quarter worth about $271,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SN has been the subject of a number of research reports. Jefferies Financial Group lifted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Canaccord Genuity Group upped their target price on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley raised their price target on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

SharkNinja Price Performance

Shares of NYSE:SN opened at $65.56 on Wednesday. The company has a market cap of $9.20 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.35 and a beta of 1.65. The business has a fifty day simple moving average of $96.10 and a 200-day simple moving average of $100.72. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.61 billion. Equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

SharkNinja Company 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.