SharkNinja, Inc. (NYSE:SN) Shares Purchased by Yarra Square Partners LP

Yarra Square Partners LP increased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 22.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,750 shares of the company’s stock after purchasing an additional 26,000 shares during the quarter. SharkNinja accounts for approximately 7.7% of Yarra Square Partners LP’s portfolio, making the stock its 4th biggest position. Yarra Square Partners LP owned about 0.10% of SharkNinja worth $8,892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SN. Parsifal Capital Management LP boosted its stake in shares of SharkNinja by 57.9% in the 4th quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock valued at $162,304,000 after buying an additional 1,163,185 shares during the period. Wolf Hill Capital Management LP raised its stake in shares of SharkNinja by 349.8% during the fourth quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock worth $69,047,000 after purchasing an additional 1,049,369 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of SharkNinja during the fourth quarter worth approximately $47,811,000. Norges Bank purchased a new stake in shares of SharkNinja during the fourth quarter worth approximately $30,841,000. Finally, Highland Peak Capital LLC purchased a new stake in shares of SharkNinja during the fourth quarter worth approximately $17,638,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SN has been the topic of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on SharkNinja in a research note on Thursday, April 4th. They set an “overweight” rating and a $70.00 price objective on the stock. UBS Group lifted their target price on SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a research report on Friday, May 10th. China Renaissance started coverage on SharkNinja in a research report on Wednesday, May 29th. They set a “buy” rating for the company. Morgan Stanley boosted their target price on SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Finally, Canaccord Genuity Group upped their price target on SharkNinja from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of 74.56.

SharkNinja Trading Up 0.8 %

Shares of NYSE:SN traded up 0.56 during midday trading on Friday, hitting 73.84. 946,600 shares of the stock traded hands, compared to its average volume of 1,037,317. SharkNinja, Inc. has a one year low of 25.84 and a one year high of 80.81. The company has a quick ratio of 1.09, a current ratio of 1.92 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is 75.12 and its two-hundred day moving average is 62.37. The stock has a market capitalization of $10.33 billion and a PE ratio of 54.70.

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

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.