GAMMA Investing LLC Has $2.46 Million Stake in SharkNinja, Inc. (NYSE:SN)

GAMMA Investing LLC boosted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 14,737.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SN. Quarry LP purchased a new position in SharkNinja during the 4th quarter valued at about $47,000. Continuum Advisory LLC grew its stake in 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 in the last quarter. Covestor Ltd grew its stake in SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after acquiring an additional 475 shares in the last quarter. Safe Harbor Fiduciary LLC grew its stake in SharkNinja by 200.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in SharkNinja during the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on SN. Guggenheim lowered their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Canaccord Genuity Group boosted their price target on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley boosted their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group boosted their price target on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, SharkNinja has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Stock Performance

SharkNinja stock traded down $5.89 during trading hours on Friday, reaching $82.04. 1,993,629 shares of the company were exchanged, compared to its average volume of 1,495,418. The firm has a market cap of $11.57 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.35 and a beta of 1.70. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $86.08 and a 200 day moving average of $94.82. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results 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 return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company earned $1.06 earnings per share. The company's quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja Company Profile

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.