Tabor Asset Management LP Makes New $2.80 Million Investment in SharkNinja, Inc. (NYSE:SN)

Tabor Asset Management LP bought a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 33,560 shares of the company's stock, valued at approximately $2,799,000.

Several other hedge funds also recently modified their holdings of the company. WCM Investment Management LLC raised its stake in SharkNinja by 27.1% during the 1st quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock worth $18,633,000 after buying an additional 47,339 shares during the period. Cannell & Spears LLC purchased a new stake in shares of SharkNinja in the fourth quarter worth approximately $18,125,000. FMR LLC raised its stake in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in shares of SharkNinja by 3.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock worth $28,702,000 after purchasing an additional 10,413 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

SharkNinja stock traded up $0.27 during trading on Monday, reaching $115.33. The company had a trading volume of 55,842 shares, compared to its average volume of 1,545,215. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The firm's 50-day simple moving average is $97.70 and its 200 day simple moving average is $95.26. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 2.22 and a beta of 1.66. 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 (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The business's quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share. Sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SN has been the subject of several analyst reports. Morgan Stanley increased their price objective on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Guggenheim reduced their price objective on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. Canaccord Genuity Group raised their price target on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday. The Goldman Sachs Group raised 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. Finally, JPMorgan Chase & Co. cut their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, SharkNinja currently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

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.

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