Lisanti Capital Growth LLC Makes New $350,000 Investment in SharkNinja, Inc. (NYSE:SN)

Lisanti Capital Growth LLC purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,195 shares of the company's stock, valued at approximately $350,000.

Several other institutional investors also recently made changes to their positions in SN. GAMMA Investing LLC increased its position in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Quarry LP purchased a new stake in SharkNinja during the fourth quarter worth approximately $47,000. Continuum Advisory LLC grew its stake in SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after buying an additional 550 shares during the period. Covestor Ltd increased its position in shares of 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 raised its stake in shares of SharkNinja by 200.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after acquiring an additional 1,000 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SN. Guggenheim decreased their price target 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. 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. The Goldman Sachs Group increased their target price on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Morgan Stanley boosted their price target on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Oppenheimer upped their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. One equities 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Stock Up 2.7%

Shares of NYSE SN opened at $96.67 on Monday. 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, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The stock's 50-day simple moving average is $89.50 and its 200-day simple moving average is $94.11. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.86 and a beta of 1.70.

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

SharkNinja Company 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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