Munro Partners grew its stake in SharkNinja, Inc. (NYSE:SN – Free Report) by 2,371.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 784,586 shares of the company’s stock after buying an additional 752,846 shares during the quarter. SharkNinja accounts for about 2.3% of Munro Partners’ investment portfolio, making the stock its 19th biggest holding. Munro Partners owned about 0.56% of SharkNinja worth $87,795,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in SN. Allworth Financial LP lifted its position in shares of SharkNinja by 5.2% in the third quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock worth $200,000 after purchasing an additional 96 shares in the last quarter. Xponance LLC raised its position in SharkNinja by 1.9% during the fourth quarter. Xponance LLC now owns 5,584 shares of the company’s stock worth $625,000 after acquiring an additional 106 shares in the last quarter. GAMMA Investing LLC raised its position in SharkNinja by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock worth $63,000 after acquiring an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of SharkNinja by 16.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $97,000 after purchasing an additional 123 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.
SharkNinja Trading Down 0.2%
SN opened at $133.51 on Tuesday. The company’s 50 day moving average is $115.85 and its 200-day moving average is $115.25. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $139.50. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. The company has a market cap of $18.89 billion, a P/E ratio of 26.92, a PEG ratio of 1.80 and a beta of 1.35.
Insider Transactions at SharkNinja
In related news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the transaction, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. This trade represents a 79.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 40.80% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Piper Sandler started coverage on shares of SharkNinja in a research report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a research report on Friday, April 10th. Finally, National Bank Financial set a $145.00 price target on shares of SharkNinja in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.00.
View Our Latest Stock Analysis on SN
SharkNinja Company Profile
SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.
Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.
See Also
- Five stocks we like better than SharkNinja
- This Golden Cross Could Send Urban Outfitters to New Highs
- Insiders Sell Top Tech Plays: Should Investors Buy, Sell, or Hold?
- Can D-Wave Hold Its Own Against 2 Fast-Growing Rivals?
- 3 AI Stocks With Moats That Could Outlast Summer Volatility
Receive News & Ratings for SharkNinja Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SharkNinja and related companies with MarketBeat.com's FREE daily email newsletter.
