Thurston Springer Miller Herd & Titak Inc. Purchases 7,227 Shares of SharkNinja, Inc. (NYSE:SN)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of SharkNinja, Inc. (NYSE:SN) by 81.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,108 shares of the company’s stock after acquiring an additional 7,227 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in SharkNinja were worth $1,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Oak Thistle LLC acquired a new stake in SharkNinja in the 4th quarter valued at $353,000. Capital CS Group LLC acquired a new position in shares of SharkNinja during the fourth quarter valued at about $314,000. City Center Advisors LLC acquired a new position in shares of SharkNinja during the fourth quarter valued at about $316,000. Harbor Capital Advisors Inc. increased its position in shares of SharkNinja by 30.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company’s stock worth $11,430,000 after acquiring an additional 27,436 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of SharkNinja in the 3rd quarter worth about $5,832,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of NYSE SN opened at $105.70 on Wednesday. The firm has a market cap of $14.79 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The stock has a fifty day simple moving average of $99.79 and a two-hundred day simple moving average of $94.97. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a 1-year low of $45.85 and a 1-year high of $112.93.

SharkNinja (NYSE:SN) last announced 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 return on equity of 32.55% and a net margin of 7.02%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. Analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Morgan Stanley lifted their target price on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Oppenheimer assumed coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. The Goldman Sachs Group upped their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Guggenheim lifted their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.50.

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.