Banque Cantonale Vaudoise Takes $432,000 Position in SharkNinja, Inc. (NYSE:SN)

Key Points

• Banque Cantonale Vaudoise invested approximately $432,000 to acquire 5,178 shares of SharkNinja, Inc. (NYSE:SN) in the first quarter, as reported in a recent SEC filing.
• Several institutional investors have increased their stakes in SharkNinja, with notable changes including GAMMA Investing LLC boosting its holdings by 77.9% during the first quarter.
• SharkNinja's shares recently opened at $112.26, with a 12-month trading range between $60.50 and $123.00, and analysts project an EPS of 4.52 for the current fiscal year.

Banque Cantonale Vaudoise bought a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,178 shares of the company's stock, valued at approximately $432,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SN. GAMMA Investing LLC raised its holdings in SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the last quarter. Quarry LP acquired a new stake in SharkNinja in the 4th quarter valued at about $47,000. Continuum Advisory LLC raised its position in SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after acquiring an additional 550 shares during the last quarter. Covestor Ltd lifted its holdings in shares of SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after purchasing an additional 475 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of SharkNinja by 135.6% during the 1st quarter. IFP Advisors Inc now owns 1,303 shares of the company's stock worth $109,000 after purchasing an additional 750 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Guggenheim cut their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. raised their target price 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. Canaccord Genuity Group increased their price target on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. The Goldman Sachs Group lifted their price objective on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group set a $175.00 target price on SharkNinja in a research report on Monday, June 30th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $129.13.

SharkNinja Stock Down 1.3%

Shares of NYSE:SN traded down $1.55 during midday trading on Wednesday, hitting $113.90. 1,790,221 shares of the company's stock traded hands, compared to its average volume of 1,649,247. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The company has a market cap of $16.06 billion, a PE ratio of 36.04, a P/E/G ratio of 2.25 and a beta of 1.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97. The firm's fifty day moving average price is $102.18 and its two-hundred day moving average price is $96.37.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $1.06 EPS. SharkNinja's revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that SharkNinja, Inc. will post 4.52 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.