Sandia Investment Management LP Buys Shares of 5,000 SharkNinja, Inc. (NYSE:SN)

Sandia Investment Management LP bought a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,000 shares of the company's stock, valued at approximately $487,000. SharkNinja comprises 1.1% of Sandia Investment Management LP's investment portfolio, making the stock its 23rd largest position.

A number of other institutional investors have also recently bought and sold shares of SN. Quarry LP bought a new position in SharkNinja during the fourth quarter worth about $47,000. R Squared Ltd bought a new position in SharkNinja in the fourth quarter valued at about $55,000. Covestor Ltd lifted its position in SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after purchasing an additional 475 shares during the period. SG Americas Securities LLC acquired a new stake in SharkNinja during the 4th quarter worth $171,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of SharkNinja during the 4th quarter worth about $209,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SN. Morgan Stanley increased their price objective 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 boosted their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Jefferies Financial Group upped their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Oppenheimer lifted their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, Guggenheim reduced their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Price Performance

SN stock traded down $1.63 during trading on Thursday, reaching $95.67. 462,600 shares of the company were exchanged, compared to its average volume of 1,446,495. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 2.35 and a beta of 1.68. 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 company has a 50-day moving average of $83.60 and a two-hundred day moving average of $95.79. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $1.06 EPS. The firm's quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.