Deutsche Bank AG Purchases 102,495 Shares of SharkNinja, Inc. (NYSE:SN)

Deutsche Bank AG lifted its position in SharkNinja, Inc. (NYSE:SN) by 35.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 393,084 shares of the company’s stock after buying an additional 102,495 shares during the period. Deutsche Bank AG’s holdings in SharkNinja were worth $38,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Driehaus Capital Management LLC increased its holdings in SharkNinja by 164.4% in the 4th quarter. Driehaus Capital Management LLC now owns 186,126 shares of the company’s stock worth $18,121,000 after buying an additional 115,724 shares in the last quarter. Dorsal Capital Management LP bought a new position in shares of SharkNinja during the 4th quarter valued at $16,015,000. Caption Management LLC bought a new position in shares of SharkNinja during the 4th quarter valued at $1,432,000. Apis Capital Advisors LLC lifted its holdings in shares of SharkNinja by 28.1% during the 4th quarter. Apis Capital Advisors LLC now owns 219,200 shares of the company’s stock valued at $21,341,000 after buying an additional 48,100 shares during the period. Finally, Alua Capital Management LP lifted its holdings in shares of SharkNinja by 17.5% during the 4th quarter. Alua Capital Management LP now owns 1,042,489 shares of the company’s stock valued at $101,497,000 after buying an additional 155,605 shares during the period. Institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Up 3.4%

SharkNinja stock opened at $102.35 on Wednesday. The firm has a 50 day moving average of $82.21 and a 200 day moving average of $95.84. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 32.91, a P/E/G ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. 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 (NYSE:SN) last issued its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. SharkNinja’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SN shares. JPMorgan Chase & Co. lowered their price target on SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Morgan Stanley increased their price target on SharkNinja from $85.00 to $101.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Jefferies Financial Group increased their price target on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Oppenheimer boosted their target price on shares of SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.50.

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.