4,673 Shares in SharkNinja, Inc. (NYSE:SN) Acquired by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC purchased a new stake in shares of SharkNinja, Inc. (NYSE:SN) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,673 shares of the company’s stock, valued at approximately $508,000.

Several other large investors have also recently made changes to their positions in SN. Vanguard Group Inc. grew its holdings in shares of SharkNinja by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 55,735 shares of the company’s stock valued at $3,472,000 after purchasing an additional 4,411 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of SharkNinja during the first quarter valued at about $494,000. Jericho Capital Asset Management L.P. purchased a new position in shares of SharkNinja in the first quarter worth about $62,309,000. Janus Henderson Group PLC lifted its stake in shares of SharkNinja by 912.8% in the 1st quarter. Janus Henderson Group PLC now owns 154,486 shares of the company’s stock valued at $9,623,000 after acquiring an additional 139,232 shares during the last quarter. Finally, Woodson Capital Management LP purchased a new stake in SharkNinja during the 1st quarter valued at about $13,455,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Trading Down 2.1 %

Shares of NYSE SN opened at $98.34 on Friday. SharkNinja, Inc. has a 1 year low of $45.35 and a 1 year high of $112.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The firm has a 50-day moving average of $104.30 and a 200 day moving average of $88.62. The stock has a market cap of $13.76 billion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04.

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

Analyst Upgrades and Downgrades

SN has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price target on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group raised their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Morgan Stanley boosted their price objective 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. Finally, Oppenheimer started coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and an average target price of $110.85.

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.