OPTIMAS CAPITAL Ltd Invests $875,000 in SharkNinja, Inc. (NYSE:SN)

OPTIMAS CAPITAL Ltd purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 17,100 shares of the company's stock, valued at approximately $875,000.

A number of other large investors have also made changes to their positions in the business. Hsbc Holdings PLC acquired a new position in shares of SharkNinja in the 3rd quarter valued at $3,529,000. Charles Schwab Investment Management Inc. purchased a new position in SharkNinja in the 3rd quarter valued at about $11,751,000. Royal London Asset Management Ltd. purchased a new position in SharkNinja in the 3rd quarter valued at about $873,000. Hudson Bay Capital Management LP acquired a new stake in SharkNinja in the 3rd quarter valued at about $6,496,000. Finally, Handelsbanken Fonder AB acquired a new stake in SharkNinja in the 3rd quarter valued at about $457,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Down 1.0 %

Shares of NYSE SN traded down 0.62 during midday trading on Monday, reaching 61.67. 911,500 shares of the stock were exchanged, compared to its average volume of 1,011,069. The firm has a 50 day moving average of 54.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. SharkNinja, Inc. has a twelve month low of 25.84 and a twelve month high of 63.10.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The business had revenue of 1.38 billion during the quarter, compared to the consensus estimate of 1.31 billion. During the same quarter last year, the firm earned $0.54 EPS. The business's revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts predict that SharkNinja, Inc. will post 3.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SN has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $52.00 to $59.00 and gave the company an "action list buy" rating in a report on Friday, February 16th. Guggenheim initiated coverage on shares of SharkNinja in a report on Monday, February 5th. They issued a "buy" rating and a $60.00 price objective for the company. Finally, Morgan Stanley initiated coverage on shares of SharkNinja in a report on Tuesday, January 30th. They issued an "equal weight" rating and a $54.00 price objective for the company. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, SharkNinja presently has an average rating of "Buy" and an average price target of 59.00.

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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.

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