11,133 Shares of SharkNinja, Inc. $SN Bought by Calamos Advisors LLC

Calamos Advisors LLC bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 11,133 shares of the company's stock, valued at approximately $2,005,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. WINTON GROUP Ltd acquired a new position in shares of SharkNinja during the 2nd quarter valued at $2,463,000. Saudi Central Bank purchased a new stake in SharkNinja during the 2nd quarter worth $908,000. Raiffeisen Bank International AG increased its holdings in SharkNinja by 170.8% in the 2nd quarter. Raiffeisen Bank International AG now owns 216,632 shares of the company's stock valued at $31,711,000 after purchasing an additional 136,632 shares in the last quarter. Tidal Investments LLC increased its holdings in SharkNinja by 25.1% in the 2nd quarter. Tidal Investments LLC now owns 73,873 shares of the company's stock valued at $11,249,000 after purchasing an additional 14,803 shares in the last quarter. Finally, Arizona State Retirement System acquired a new position in shares of SharkNinja during the second quarter worth about $3,717,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SN shares. BTIG Research raised their target price on SharkNinja from $245.00 to $250.00 and gave the company a "buy" rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $223.00 to $243.00 and gave the company an "overweight" rating in a research note on Thursday, November 5th. Piper Sandler boosted their target price on shares of SharkNinja from $200.00 to $234.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 28th. Oppenheimer boosted their target price on shares of SharkNinja from $145.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. Finally, William Blair restated an "outperform" rating on shares of SharkNinja in a research note on Wednesday, November 4th. Fourteen analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $211.39.

Insider Activity

In related news, insider Neil Shah sold 40,000 shares of the company's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $223.45, for a total value of $8,938,000.00. Following the sale, the insider directly owned 457,220 shares of the company's stock, valued at $102,165,809. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 40.80% of the company's stock.

SharkNinja Price Performance

Shares of NYSE SN opened at $229.69 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.21. SharkNinja, Inc. has a fifty-two week low of $83.21 and a fifty-two week high of $232.76. The business has a 50 day moving average price of $186.80 and a two-hundred day moving average price of $145.55. The firm has a market cap of $32.36 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.21.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.44. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. SharkNinja had a return on equity of 28.84% and a net margin of 11.64%. SharkNinja's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 EPS. Sell-side analysts expect that SharkNinja, Inc. will post 5.93 earnings per share for the current fiscal year.

SharkNinja Company Profile

SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels.

The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.

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