Lecap Asset Management Ltd. Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Lecap Asset Management Ltd. bought a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 32,394 shares of the company's stock, valued at approximately $2,702,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Rhumbline Advisers boosted its stake in shares of SharkNinja by 0.7% in the fourth quarter. Rhumbline Advisers now owns 67,130 shares of the company's stock worth $6,536,000 after acquiring an additional 481 shares during the last quarter. Private Advisor Group LLC purchased a new position in SharkNinja in the 4th quarter valued at $1,636,000. Handelsbanken Fonder AB purchased a new position in SharkNinja in the 4th quarter valued at $1,246,000. Y Intercept Hong Kong Ltd acquired a new stake in SharkNinja during the 4th quarter worth $947,000. Finally, Amalgamated Bank grew its holdings in shares of SharkNinja by 24.1% during the fourth quarter. Amalgamated Bank now owns 4,618 shares of the company's stock worth $450,000 after buying an additional 896 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Ratings Changes

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

SharkNinja Stock Up 3.0%

SN stock opened at $94.50 on Wednesday. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The firm has a market cap of $13.33 billion, a PE ratio of 29.91, a PEG ratio of 1.77 and a beta of 1.70. The firm's 50 day moving average price is $88.26 and its 200-day moving average price is $94.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.97.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $1.06 earnings per share. The firm's quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.