Lisanti Capital Growth LLC Takes $350,000 Position in SharkNinja, Inc. (NYSE:SN)

Lisanti Capital Growth LLC purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,195 shares of the company's stock, valued at approximately $350,000.

A number of other institutional investors have also recently added to or reduced their stakes in SN. FMR LLC boosted its stake in shares of SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after buying an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC raised its holdings in SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after acquiring an additional 2,155,136 shares in the last quarter. Norges Bank acquired a new stake in SharkNinja in the fourth quarter valued at $100,845,000. Palestra Capital Management LLC boosted its stake in SharkNinja by 83.4% during the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock valued at $173,377,000 after acquiring an additional 809,960 shares during the last quarter. Finally, Greenvale Capital LLP acquired a new position in SharkNinja during the 4th quarter worth $73,020,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SN shares. Guggenheim dropped their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group boosted their price objective on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a report on Friday, May 9th. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a research note on Monday. JPMorgan Chase & Co. decreased their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Oppenheimer boosted their price target on SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Stock Performance

Shares of NYSE:SN traded up $1.41 during trading on Thursday, hitting $107.77. 894,592 shares of the company traded hands, compared to its average volume of 1,706,959. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36. The business's fifty day moving average is $91.13 and its 200-day moving average is $94.23. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 1.92 and a beta of 1.66. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company earned $1.06 earnings per share. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.