SharkNinja, Inc. (NYSE:SN) Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its stake in shares of SharkNinja, Inc. (NYSE:SN) by 38.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,397 shares of the company’s stock after acquiring an additional 5,416 shares during the period. Tidal Investments LLC’s holdings in SharkNinja were worth $2,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SN. abrdn plc boosted its position in shares of SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock worth $45,621,000 after purchasing an additional 63,299 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in shares of SharkNinja in the 3rd quarter valued at $11,942,000. Advisors Asset Management Inc. lifted its stake in SharkNinja by 50.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,817 shares of the company’s stock worth $2,154,000 after acquiring an additional 6,662 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in SharkNinja by 1,218.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 89,967 shares of the company’s stock valued at $9,780,000 after acquiring an additional 83,141 shares during the period. Finally, WCM Investment Management LLC acquired a new position in SharkNinja in the 3rd quarter valued at about $23,874,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Trading Up 2.0 %

NYSE:SN opened at $101.66 on Tuesday. SharkNinja, Inc. has a 1 year low of $45.85 and a 1 year high of $112.93. The stock has a market cap of $14.23 billion, a P/E ratio of 39.87, a P/E/G ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The stock has a 50-day simple moving average of $102.35 and a 200-day simple moving average of $91.72.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 earnings per share. As a group, analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SN. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley raised their price target on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Jefferies Financial Group upped their price objective on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Oppenheimer started coverage on SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price for the company. Finally, The Goldman Sachs Group upped their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.39.

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.