Banque Cantonale Vaudoise Makes New Investment 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 purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,178 shares of the company's stock, valued at approximately $432,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after buying an additional 155 shares in the last quarter. Quarry LP acquired a new stake in shares of SharkNinja during the fourth quarter worth approximately $47,000. Continuum Advisory LLC increased its holdings in shares of 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 buying an additional 550 shares in the last quarter. Covestor Ltd increased its holdings in shares of SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of SharkNinja by 135.6% during the first quarter. IFP Advisors Inc now owns 1,303 shares of the company's stock worth $109,000 after buying an additional 750 shares in the last quarter. Institutional investors own 34.77% of the company's stock.

SharkNinja Trading Down 3.3%

Shares of NYSE:SN opened at $112.26 on Friday. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36. The company's fifty day simple moving average is $101.33 and its 200 day simple moving average is $96.35. The firm has a market cap of $15.83 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.24 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business posted $1.06 earnings per share. The firm's quarterly revenue was up 14.7% on a year-over-year basis. As a group, research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Oppenheimer raised their price objective on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Morgan Stanley raised their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group raised their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, SharkNinja has an average rating of "Moderate Buy" and a consensus price target of $129.13.

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.

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