Metavasi Capital LP Takes Position in SharkNinja, Inc. (NYSE:SN)

Metavasi Capital LP purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 110,000 shares of the company's stock, valued at approximately $10,710,000. SharkNinja comprises about 3.8% of Metavasi Capital LP's holdings, making the stock its 7th largest holding. Metavasi Capital LP owned 0.08% of SharkNinja at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SN. Quarry LP bought a new stake in SharkNinja during the fourth quarter worth $47,000. R Squared Ltd bought a new stake in shares of SharkNinja during the 4th quarter valued at $55,000. Covestor Ltd increased its holdings 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 during the period. SG Americas Securities LLC acquired a new position in SharkNinja during the fourth quarter valued at approximately $171,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of SharkNinja during the 4th quarter worth $209,000. Institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SN shares. The Goldman Sachs Group reduced their price objective on SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Oppenheimer dropped their target price on shares of SharkNinja from $130.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Morgan Stanley raised their price objective on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, SharkNinja currently has an average rating of "Moderate Buy" and a consensus target price of $115.06.

SharkNinja Stock Performance

Shares of SN traded down $1.58 during trading hours on Monday, hitting $82.57. The stock had a trading volume of 1,709,725 shares, compared to its average volume of 1,420,217. The stock has a fifty day moving average price of $83.52 and a 200 day moving average price of $96.69. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a market capitalization of $11.59 billion, a PE ratio of 26.55, a PEG ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.