3,275 Shares in SharkNinja, Inc. (NYSE:SN) Acquired by Essex LLC

Essex LLC purchased a new position in SharkNinja, Inc. (NYSE:SN) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,275 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC purchased a new stake in shares of SharkNinja during the 4th quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of SharkNinja during the 1st quarter worth approximately $77,000. Tower Research Capital LLC TRC purchased a new stake in shares of SharkNinja during the 4th quarter worth approximately $97,000. Deuterium Capital Management LLC purchased a new stake in shares of SharkNinja during the 4th quarter worth approximately $256,000. Finally, Yarbrough Capital LLC purchased a new stake in shares of SharkNinja during the 1st quarter worth approximately $391,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

SN traded up 1.86 during trading on Thursday, hitting 73.28. The stock had a trading volume of 1,037,009 shares, compared to its average volume of 1,038,005. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.92. The firm has a market capitalization of $10.25 billion and a P/E ratio of 52.90. The company’s 50-day moving average price is 74.80 and its 200 day moving average price is 62.13. SharkNinja, Inc. has a twelve month low of 25.84 and a twelve month high of 80.81.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, May 9th. The company reported 1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.95 by 0.11. SharkNinja had a net margin of 4.25% and a return on equity of 29.62%. The company had revenue of 1.07 billion for the quarter, compared to analysts’ expectations of 949.88 million. During the same period in the previous year, the company posted $0.86 EPS. SharkNinja’s revenue was up 24.7% compared to the same quarter last year. On average, equities research analysts forecast that SharkNinja, Inc. will post 3.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SN. China Renaissance began coverage on shares of SharkNinja in a report on Wednesday, May 29th. They issued a “buy” rating on the stock. UBS Group lifted their target price on shares of SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a report on Friday, May 10th. JPMorgan Chase & Co. began coverage on shares of SharkNinja in a report on Thursday, April 4th. They issued an “overweight” rating and a $70.00 target price on the stock. Morgan Stanley lifted their target price on shares of SharkNinja from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, Canaccord Genuity Group lifted their target price on shares of SharkNinja from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of 74.56.

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.