25,000 Shares in SharkNinja, Inc. (NYSE:SN) Purchased by Tenzing Global Management LLC

Tenzing Global Management LLC purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the company's stock, valued at approximately $2,434,000. SharkNinja comprises about 1.8% of Tenzing Global Management LLC's investment portfolio, making the stock its 17th largest position.

Several other hedge funds also recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of SharkNinja in the 4th quarter valued at about $47,000. R Squared Ltd acquired a new stake in shares of SharkNinja in the fourth quarter valued at approximately $55,000. Covestor Ltd boosted its holdings in shares of SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after acquiring an additional 475 shares during the period. Safe Harbor Fiduciary LLC grew its position in shares of SharkNinja by 200.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after acquiring an additional 1,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of SharkNinja in the 4th quarter valued at $171,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

NYSE:SN traded down $0.53 during mid-day trading on Friday, reaching $94.85. The stock had a trading volume of 560,291 shares, compared to its average volume of 1,447,404. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The business has a 50 day simple moving average of $83.71 and a 200 day simple moving average of $95.82. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 2.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 EPS. On average, analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SN. Canaccord Genuity Group increased their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group increased their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group increased their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Guggenheim lowered their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, SharkNinja presently has an average rating of "Moderate Buy" and an average price target of $121.50.

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.