GAMMA Investing LLC Acquires 29,328 Shares of SharkNinja, Inc. (NYSE:SN)

GAMMA Investing LLC raised its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 14,737.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,527 shares of the company's stock after buying an additional 29,328 shares during the period. GAMMA Investing LLC's holdings in SharkNinja were worth $2,463,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after buying an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC grew its position in SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after purchasing an additional 2,155,136 shares in the last quarter. William Blair Investment Management LLC grew its position in SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after purchasing an additional 590,632 shares in the last quarter. Baillie Gifford & Co. grew its position in SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after purchasing an additional 604,559 shares in the last quarter. Finally, Palestra Capital Management LLC grew its position in SharkNinja by 83.4% during the 4th 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. Institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on SN. Guggenheim lowered their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group lifted their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Oppenheimer lifted their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. lowered their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley lifted their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Stock Up 6.2%

Shares of SharkNinja stock traded up $5.12 on Monday, hitting $87.25. 1,838,759 shares of the company traded hands, compared to its average volume of 1,500,884. The company has a 50-day moving average price of $86.51 and a 200 day moving average price of $94.69. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a market cap of $12.31 billion, a PE ratio of 28.06, a PEG ratio of 2.35 and a beta of 1.70.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the company posted $1.06 EPS. SharkNinja's revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that SharkNinja, Inc. will post 4.52 earnings per share 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.