Oak Thistle LLC Has $929,000 Stake in SharkNinja, Inc. (NYSE:SN)

Oak Thistle LLC boosted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 206.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,140 shares of the company's stock after purchasing an additional 7,510 shares during the period. Oak Thistle LLC's holdings in SharkNinja were worth $929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SN. Forum Financial Management LP lifted its stake in SharkNinja by 5.3% in the first quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock valued at $240,000 after acquiring an additional 144 shares during the last quarter. Voya Investment Management LLC lifted its stake in SharkNinja by 1.2% in the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock valued at $1,282,000 after acquiring an additional 154 shares during the last quarter. GAMMA Investing LLC lifted its stake in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in SharkNinja by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock valued at $2,833,000 after acquiring an additional 180 shares during the last quarter. Finally, Xponance Inc. raised its position in shares of SharkNinja by 5.4% in the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after purchasing an additional 220 shares during the period. Institutional investors own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SN. JPMorgan Chase & Co. increased their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley raised their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research report on Monday, June 30th. Canaccord Genuity Group raised their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Oppenheimer raised their price target on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $127.25.

SharkNinja Trading Up 1.6%

NYSE:SN traded up $1.93 during mid-day trading on Friday, hitting $120.26. 729,188 shares of the company's stock were exchanged, compared to its average volume of 1,569,932. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00. The company has a 50 day simple moving average of $99.42 and a 200-day simple moving average of $95.88. The firm has a market capitalization of $16.96 billion, a P/E ratio of 38.06, a PEG ratio of 2.32 and a beta of 1.66.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. As a group, research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current 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.