Nebula Research & Development LLC Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Nebula Research & Development LLC bought a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,945 shares of the company's stock, valued at approximately $3,013,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of SharkNinja during the fourth quarter worth approximately $55,000. Covestor Ltd raised its holdings in SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after purchasing an additional 475 shares in the last quarter. SG Americas Securities LLC bought a new stake in SharkNinja during the fourth quarter worth approximately $171,000. Altshuler Shaham Ltd bought a new stake in SharkNinja during the fourth quarter worth approximately $209,000. Finally, World Investment Advisors LLC bought a new stake in SharkNinja during the third quarter worth approximately $244,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Down 2.5 %

Shares of SharkNinja stock traded down $2.01 on Wednesday, hitting $79.40. 265,750 shares of the company traded hands, compared to its average volume of 1,622,343. The company has a 50-day moving average price of $84.85 and a 200 day moving average price of $97.28. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a market cap of $11.14 billion, a PE ratio of 25.53, a PEG ratio of 2.35 and a beta of 1.65.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. Sell-side analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on SN. JPMorgan Chase & Co. dropped their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group dropped their price target on SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley upped their price target on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Jefferies Financial Group upped their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group upped their price target on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, SharkNinja presently has an average rating of "Moderate Buy" and a consensus target price of $116.72.

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.