Baillie Gifford & Co. Acquires Shares of 28,048 SharkNinja, Inc. (NYSE:SN)

Baillie Gifford & Co. bought a new stake in SharkNinja, Inc. (NYSE:SN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,048 shares of the company’s stock, valued at approximately $2,108,000.

Several other institutional investors have also recently made changes to their positions in SN. Parallel Advisors LLC bought a new position in shares of SharkNinja in the fourth quarter worth about $37,000. Headlands Technologies LLC purchased a new stake in SharkNinja in the 1st quarter valued at about $66,000. E Fund Management Hong Kong Co. Ltd. bought a new position in SharkNinja in the 1st quarter worth about $77,000. Kessler Investment Group LLC purchased a new position in shares of SharkNinja during the second quarter worth approximately $125,000. Finally, Essex LLC bought a new stake in shares of SharkNinja during the first quarter valued at approximately $204,000. Institutional investors own 34.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley increased their price objective on SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Canaccord Genuity Group raised their price target on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. UBS Group raised their target price on shares of SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, The Goldman Sachs Group upped their price target on shares of SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and a consensus price target of $83.81.

SharkNinja Price Performance

NYSE SN opened at $89.85 on Monday. The firm’s fifty day simple moving average is $78.40 and its two-hundred day simple moving average is $69.03. The firm has a market capitalization of $12.57 billion and a P/E ratio of 66.56. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. SharkNinja, Inc. has a 12-month low of $33.08 and a 12-month high of $92.47.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. Analysts forecast that SharkNinja, Inc. will post 4.22 EPS for the current fiscal year.

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.