Maven Securities LTD Grows Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Maven Securities LTD grew its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 77.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,200 shares of the company's stock after buying an additional 2,700 shares during the period. Maven Securities LTD's holdings in SharkNinja were worth $604,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SN. Quarry LP purchased a new stake in shares of SharkNinja during the 4th quarter worth $47,000. R Squared Ltd acquired a new stake in SharkNinja during the 4th quarter worth $55,000. Covestor Ltd raised its stake in SharkNinja by 284.4% during the 4th 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. SG Americas Securities LLC acquired a new stake in SharkNinja during the 4th quarter worth $171,000. Finally, Altshuler Shaham Ltd acquired a new stake in SharkNinja during the 4th quarter worth $209,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

NYSE SN traded up $1.31 during trading on Friday, reaching $102.00. The company's stock had a trading volume of 1,228,324 shares, compared to its average volume of 1,451,404. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The business's fifty day moving average price is $82.95 and its 200-day moving average price is $95.74. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 32.80, a P/E/G ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly 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. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $1.06 earnings per share. The business's revenue was up 14.7% compared to the same quarter last year. As a group, analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Guggenheim cut their price target on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. The Goldman Sachs Group lifted their price target 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. Finally, JPMorgan Chase & Co. cut their price target on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.