Headlands Technologies LLC Takes Position in SharkNinja, Inc. (NYSE:SN)

Key Points

• Headlands Technologies LLC has acquired a new position in SharkNinja, purchasing 15,887 shares worth approximately $1,325,000 during the first quarter.
• SharkNinja's recent earnings report showed an EPS of $0.97, exceeding analysts' expectations of $0.78, with revenues reaching $1.44 billion for the quarter.
• The stock has seen recent adjustments in analyst ratings, with price targets ranging from $120.00 to $144.00, reflecting a consensus rating of "Moderate Buy."

Headlands Technologies LLC bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 15,887 shares of the company's stock, valued at approximately $1,325,000.

Several other hedge funds have also recently bought and sold shares of SN. Palestra Capital Management LLC increased its stake 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 during the period. Federated Hermes Inc. grew its holdings in shares of SharkNinja by 14.7% in the first quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company's stock valued at $108,914,000 after purchasing an additional 167,757 shares in the last quarter. Hood River Capital Management LLC increased its stake in SharkNinja by 30.1% during the 4th quarter. Hood River Capital Management LLC now owns 1,048,390 shares of the company's stock worth $102,071,000 after buying an additional 242,723 shares during the period. Alua Capital Management LP lifted its holdings in SharkNinja by 17.5% during the 4th quarter. Alua Capital Management LP now owns 1,042,489 shares of the company's stock worth $101,497,000 after buying an additional 155,605 shares in the last quarter. Finally, Cooper Creek Partners Management LLC lifted its holdings in SharkNinja by 90.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 829,454 shares of the company's stock worth $80,756,000 after buying an additional 393,369 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Up 1.1%

SN stock opened at $115.37 on Friday. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.69. The company has a fifty day moving average price of $103.02 and a 200 day moving average price of $96.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.19. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.38 billion. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The business's revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. Sell-side analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Guggenheim cut their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Oppenheimer upped their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Morgan Stanley increased their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $129.13.

SharkNinja 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.

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