Eisler Capital Management Ltd. Invests $2.71 Million 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. purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 32,461 shares of the company's stock, valued at approximately $2,707,000.

A number of other hedge funds also recently bought and sold shares of SN. Palestra Capital Management LLC boosted its position in SharkNinja by 83.4% during the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after purchasing an additional 809,960 shares in the last quarter. Greenvale Capital LLP acquired a new position in shares of SharkNinja during the fourth quarter valued at approximately $73,020,000. Jennison Associates LLC acquired a new position in shares of SharkNinja during the first quarter valued at approximately $21,336,000. Deutsche Bank AG raised its holdings in shares of SharkNinja by 50.6% during the first quarter. Deutsche Bank AG now owns 591,957 shares of the company's stock valued at $49,375,000 after acquiring an additional 198,873 shares during the last quarter. Finally, Anson Funds Management LP raised its holdings in shares of SharkNinja by 491.1% during the first quarter. Anson Funds Management LP now owns 236,433 shares of the company's stock valued at $19,721,000 after acquiring an additional 196,433 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

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

SharkNinja Trading Up 0.7%

SharkNinja stock traded up $0.83 during mid-day trading on Monday, hitting $117.08. The company's stock had a trading volume of 1,250,397 shares, compared to its average volume of 1,648,581. The firm has a market capitalization of $16.53 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 2.22 and a beta of 1.68. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51. 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 stock's fifty day moving average is $112.39 and its two-hundred day moving average is $97.04.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.44 billion during 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 firm's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, 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.