WCM Investment Management LLC Boosts Stake in SharkNinja, Inc. $SN

WCM Investment Management LLC raised its position in SharkNinja, Inc. (NYSE:SN) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 661,537 shares of the company’s stock after buying an additional 85,670 shares during the quarter. WCM Investment Management LLC owned approximately 0.47% of SharkNinja worth $70,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in SharkNinja in the third quarter valued at $29,000. New York State Teachers Retirement System acquired a new stake in SharkNinja during the 2nd quarter worth approximately $43,000. TFC Financial Management Inc. purchased a new position in shares of SharkNinja in the 3rd quarter valued at approximately $55,000. EverSource Wealth Advisors LLC grew its stake in shares of SharkNinja by 2,071.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock valued at $69,000 after purchasing an additional 663 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of SharkNinja by 656.7% in the second quarter. CWM LLC now owns 787 shares of the company’s stock valued at $78,000 after purchasing an additional 683 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Up 1.1%

SN stock opened at $119.49 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $114.66 and its 200 day moving average price is $108.66. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $129.19. The company has a market cap of $16.86 billion, a P/E ratio of 29.50, a P/E/G ratio of 1.51 and a beta of 1.41.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Morgan Stanley set a $110.00 target price on shares of SharkNinja in a report on Monday, October 27th. Guggenheim boosted their price target on shares of SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Canaccord Genuity Group set a $140.00 price objective on shares of SharkNinja in a research report on Thursday, January 8th. Finally, Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $137.67.

About SharkNinja

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.