Virtu Financial LLC Acquires Shares of 11,833 SharkNinja, Inc. (NYSE:SN)

Key Points

• Virtu Financial LLC acquired a new position in SharkNinja, Inc. by purchasing 11,833 shares, valued at approximately $987,000 in the 1st quarter.
• SharkNinja reported a quarterly revenue of $1.44 billion, surpassing analyst estimates and an increase of 15.7% compared to the previous year.
• Analyst ratings for SharkNinja show an average rating of "Moderate Buy" with a price target of $129.13.

Virtu Financial LLC acquired a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,833 shares of the company's stock, valued at approximately $987,000.

A number of other institutional investors have also modified their holdings of SN. Vanguard Group Inc. raised its position in shares of SharkNinja by 6.3% in the fourth quarter. Vanguard Group Inc. now owns 159,888 shares of the company's stock valued at $15,567,000 after buying an additional 9,484 shares during the last quarter. Geode Capital Management LLC increased its position in SharkNinja by 10.2% during the fourth quarter. Geode Capital Management LLC now owns 404,874 shares of the company's stock worth $39,419,000 after purchasing an additional 37,466 shares during the last quarter. Wells Fargo & Company MN increased its position in SharkNinja by 14.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,944 shares of the company's stock worth $968,000 after purchasing an additional 1,280 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SharkNinja by 28.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,552 shares of the company's stock worth $1,806,000 after purchasing an additional 4,160 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in SharkNinja during the fourth quarter worth approximately $37,187,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

SN has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a research note on Monday, June 30th. Morgan Stanley lifted their price objective on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Oppenheimer lifted their price objective on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, SharkNinja has a consensus rating of "Moderate Buy" and an average target price of $131.86.

SharkNinja Stock Down 1.3%

SN traded down $1.60 during trading hours on Thursday, reaching $119.39. 1,266,377 shares of the stock traded hands, compared to its average volume of 1,657,237. The firm's fifty day simple moving average is $105.12 and its two-hundred day simple moving average is $96.71. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 2.29 and a beta of 1.69. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.19. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business's revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $0.71 EPS. As a group, analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

SharkNinja Company 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.