Armistice Capital LLC Has $17.55 Million Stake in SharkNinja, Inc. $SN

Key Points

• Armistice Capital LLC significantly increased its stake in SharkNinja, Inc. by 52.6%, owning 210,359 shares valued at approximately $17.55 million as of its latest SEC filing.
• Analysts have shown optimism for SharkNinja, with a majority rating the stock as a "Buy" and raising price targets; Zacks upgraded it to "strong-buy" while Goldman Sachs increased its target from $100 to $112.
• SharkNinja reported strong quarterly earnings, with $1.44 billion in revenue, exceeding estimates, and earnings per share of $0.97, presenting a substantial year-over-year growth of 15.7%.

Armistice Capital LLC raised its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 52.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 210,359 shares of the company's stock after buying an additional 72,538 shares during the quarter. Armistice Capital LLC owned 0.15% of SharkNinja worth $17,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SN. Quarry LP raised its position in shares of SharkNinja by 165.3% during the first quarter. Quarry LP now owns 1,268 shares of the company's stock worth $106,000 after purchasing an additional 790 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of SharkNinja during the first quarter worth about $2,281,000. Vident Advisory LLC acquired a new stake in shares of SharkNinja during the first quarter worth about $350,000. Magnetar Financial LLC acquired a new stake in shares of SharkNinja during the first quarter worth about $659,000. Finally, Parnassus Investments LLC acquired a new stake in shares of SharkNinja during the first quarter worth about $573,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SN. Zacks Research raised SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. The Goldman Sachs Group raised their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Jefferies Financial Group set a $175.00 target price on SharkNinja in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. lifted their target price on SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, SharkNinja currently has a consensus rating of "Buy" and an average target price of $131.86.

SharkNinja Stock Up 0.7%

NYSE:SN opened at $117.08 on Friday. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 2.22 and a beta of 1.69. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51. The stock's 50 day moving average price is $112.39 and its two-hundred day moving average price is $97.15. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.

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