Hussman Strategic Advisors Inc. Buys 4,200 Shares of SharkNinja, Inc. (NYSE:SN)

Hussman Strategic Advisors Inc. lifted its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,700 shares of the company's stock after purchasing an additional 4,200 shares during the period. SharkNinja accounts for about 0.7% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its 28th biggest position. Hussman Strategic Advisors Inc.'s holdings in SharkNinja were worth $2,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after purchasing an additional 155 shares in the last quarter. Quarry LP bought a new position in SharkNinja in the fourth quarter worth approximately $47,000. Continuum Advisory LLC boosted its holdings in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after acquiring an additional 550 shares in the last quarter. Covestor Ltd boosted its holdings in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after acquiring an additional 475 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC boosted its holdings in SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

NYSE:SN traded down $0.82 during trading hours on Friday, reaching $114.14. The stock had a trading volume of 145,262 shares, compared to its average volume of 1,682,978. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97. The stock has a 50 day simple moving average of $97.23 and a 200 day simple moving average of $95.16. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The stock has a market cap of $16.10 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 2.13 and a beta of 1.66.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $1.06 earnings per share. The business's revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group increased their price target on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. 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 raised their target price on SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group set a $175.00 target price on SharkNinja in a report on Monday, June 30th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, SharkNinja currently has an average rating of "Moderate Buy" and an average target price of $121.50.

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.

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