Moody Aldrich Partners LLC Has $596,000 Stake in SharkNinja, Inc. (NYSE:SN)

Moody Aldrich Partners LLC boosted its holdings in SharkNinja, Inc. (NYSE:SN) by 19.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,126 shares of the company’s stock after acquiring an additional 976 shares during the quarter. Moody Aldrich Partners LLC’s holdings in SharkNinja were worth $596,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Signaturefd LLC grew its holdings in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management purchased a new position in shares of SharkNinja during the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja during the 3rd quarter worth $54,000. Waldron Private Wealth LLC purchased a new stake in SharkNinja in the 3rd quarter worth about $65,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in SharkNinja in the 3rd quarter valued at about $163,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

SharkNinja stock opened at $111.49 on Thursday. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 1.59 and a beta of 1.10. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The business has a 50-day simple moving average of $101.81 and a 200 day simple moving average of $97.51. SharkNinja, Inc. has a 52 week low of $45.85 and a 52 week high of $113.25.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $0.95 earnings per share. SharkNinja’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, research analysts forecast that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SN has been the subject of a number of research reports. Jefferies Financial Group increased their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their target price 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 lifted their price target on SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Guggenheim boosted their price objective on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 7th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.28.

About SharkNinja

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.