Eisler Capital Management Ltd. Takes $2.71 Million Position in SharkNinja, Inc. $SN

Key Points

• Eisler Capital Management Ltd. invested approximately $2.71 million in SharkNinja, acquiring 32,461 shares in the first quarter, highlighting strong institutional interest in the company.
• SharkNinja reported a 15.7% year-over-year revenue increase in its latest quarterly earnings, with an EPS of $0.97, surpassing analysts' expectations.
• Analysts have raised their price targets for SharkNinja, with a consensus target price of $131.86 and multiple "buy" ratings, indicating positive investor sentiment toward the stock.

Eisler Capital Management Ltd. bought a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,461 shares of the company's stock, valued at approximately $2,707,000.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares during the period. Harbour Investments Inc. lifted its position in shares of SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after acquiring an additional 406 shares during the period. SVB Wealth LLC bought a new stake in shares of SharkNinja during the 1st quarter valued at $36,000. Quarry LP bought a new stake in shares of SharkNinja during the 4th quarter valued at $47,000. Finally, Continuum Advisory LLC lifted its position in shares of SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after acquiring an additional 550 shares during the period. 34.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on SN shares. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a research report on Monday, June 30th. Zacks Research upgraded SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. Canaccord Genuity Group upped their price objective on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Oppenheimer upped their price objective on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group upped their price objective on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $131.86.

SharkNinja Price Performance

SN traded down $1.37 on Tuesday, reaching $115.59. The stock had a trading volume of 272,531 shares, compared to its average volume of 1,647,861. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The firm has a 50-day moving average of $112.90 and a 200-day moving average of $97.08. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $16.31 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.68.

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