Y Intercept Hong Kong Ltd Purchases 10,884 Shares of SharkNinja, Inc. (NYSE:SN)

Y Intercept Hong Kong Ltd lifted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 111.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,612 shares of the company's stock after buying an additional 10,884 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in SharkNinja were worth $1,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after acquiring an additional 155 shares in the last quarter. Quarry LP bought a new position in shares of SharkNinja during the 4th quarter worth about $47,000. Continuum Advisory LLC grew its stake in shares of SharkNinja by 6,875.0% in the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after buying an additional 550 shares during the period. Covestor Ltd increased its position in SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after buying an additional 475 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in SharkNinja by 135.6% during the 1st quarter. IFP Advisors Inc now owns 1,303 shares of the company's stock worth $109,000 after buying an additional 750 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

Shares of SN stock traded up $1.93 on Friday, hitting $120.26. 729,188 shares of the stock were exchanged, compared to its average volume of 1,569,932. The firm has a market capitalization of $16.96 billion, a PE ratio of 38.06, a P/E/G ratio of 2.32 and a beta of 1.66. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The firm's 50 day moving average is $99.42 and its two-hundred day moving average is $95.88.

SharkNinja (NYSE:SN - Get Free Report) last posted 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 company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Sell-side analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SN. Guggenheim cut their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Oppenheimer increased their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research note on Monday, June 30th. JPMorgan Chase & Co. raised their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Canaccord Genuity Group boosted their target price 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $127.25.

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.