GW&K Investment Management LLC Invests $12.15 Million in SharkNinja, Inc. (NYSE:SN)

GW&K Investment Management LLC acquired a new position in SharkNinja, Inc. (NYSE:SN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 237,460 shares of the company’s stock, valued at approximately $12,151,000.

Other large investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in SharkNinja during the 3rd quarter valued at about $42,000. Deuterium Capital Management LLC purchased a new position in SharkNinja during the 4th quarter valued at about $256,000. Orion Portfolio Solutions LLC purchased a new position in SharkNinja during the 3rd quarter valued at about $272,000. Victory Capital Management Inc. purchased a new position in shares of SharkNinja during the 3rd quarter worth approximately $402,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of SharkNinja during the 3rd quarter worth approximately $414,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analyst Ratings Changes

SN has been the topic of a number of research analyst reports. Bank of America initiated coverage on SharkNinja in a report on Thursday, May 16th. They set a “buy” rating and a $90.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on SharkNinja in a report on Thursday, April 4th. They set an “overweight” rating and a $70.00 target price on the stock. Morgan Stanley upped their target price on SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Guggenheim initiated coverage on SharkNinja in a report on Monday, February 5th. They set a “buy” rating and a $60.00 target price on the stock. Finally, Canaccord Genuity Group upped their target price on SharkNinja from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of 74.56.

SharkNinja Stock Performance

Shares of SN opened at 76.55 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.92 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is 64.65 and its 200-day moving average price is 54.94. SharkNinja, Inc. has a 52 week low of 25.84 and a 52 week high of 78.90. The stock has a market cap of $10.70 billion and a P/E ratio of 55.70.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, May 9th. The company reported 1.06 EPS for the quarter, topping analysts’ consensus estimates of 0.95 by 0.11. The firm had revenue of 1.07 billion for the quarter, compared to analysts’ expectations of 949.88 million. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. Equities research analysts anticipate that SharkNinja, Inc. will post 3.82 earnings per share for the current fiscal year.

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.