Boothbay Fund Management LLC Has $2.53 Million Holdings in SharkNinja, Inc. (NYSE:SN)

Boothbay Fund Management LLC boosted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 45.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,008 shares of the company's stock after acquiring an additional 8,107 shares during the period. Boothbay Fund Management LLC's holdings in SharkNinja were worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its stake in shares of SharkNinja by 38.7% in the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after purchasing an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of SharkNinja in the 3rd quarter valued at $5,832,000. Harbor Capital Advisors Inc. boosted its position in SharkNinja by 30.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock worth $11,430,000 after purchasing an additional 27,436 shares during the period. Cannell & Spears LLC acquired a new stake in shares of SharkNinja in the 4th quarter valued at about $18,125,000. Finally, Janney Montgomery Scott LLC raised its stake in SharkNinja by 112.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock valued at $1,066,000 after buying an additional 5,790 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

Shares of NYSE:SN traded up $4.30 during midday trading on Friday, hitting $84.11. The company's stock had a trading volume of 1,887,739 shares, compared to its average volume of 1,415,612. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.35 and a beta of 1.68. The stock's 50 day simple moving average is $83.93 and its 200 day simple moving average is $96.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last released its 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 analyst estimates of $1.61 billion. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley boosted their price target on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Jefferies Financial Group upped their price objective on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, SharkNinja presently has an average rating of "Moderate Buy" and an average target price of $115.06.

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.