GSA Capital Partners LLP purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,558 shares of the company's stock, valued at approximately $1,631,000.
A number of other large investors have also made changes to their positions in SN. GAMMA Investing LLC grew its holdings in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares in the last quarter. Quarry LP purchased a new stake in shares of SharkNinja in the fourth quarter valued at about $47,000. Continuum Advisory LLC grew its holdings in shares of SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares during the period. Covestor Ltd grew its holdings in shares of SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after purchasing an additional 475 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of SharkNinja by 135.6% in the first quarter. IFP Advisors Inc now owns 1,303 shares of the company's stock valued at $109,000 after purchasing an additional 750 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on SN. Morgan Stanley upped their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Guggenheim reduced their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.13.
Check Out Our Latest Research Report on SharkNinja
SharkNinja Trading Down 1.3%
SharkNinja stock traded down $1.57 during midday trading on Wednesday, reaching $116.98. 1,088,671 shares of the stock traded hands, compared to its average volume of 1,433,964. The company has a 50-day simple moving average of $100.55 and a two-hundred day simple moving average of $96.23. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The firm has a market cap of $16.50 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.29 and a beta of 1.66. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36.
SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the business posted $1.06 EPS. SharkNinja's revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.
SharkNinja Profile
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Free Report)
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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