Oak Thistle LLC Purchases Shares of 3,630 SharkNinja, Inc. (NYSE:SN)

Oak Thistle LLC acquired a new position in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,630 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its position in SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management bought a new position in shares of SharkNinja during the 3rd quarter worth about $54,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of SharkNinja during the 3rd quarter valued at about $54,000. Waldron Private Wealth LLC bought a new stake in SharkNinja in the third quarter valued at about $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in SharkNinja in the third quarter worth about $163,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

SN stock opened at $108.87 on Friday. The company has a 50 day moving average price of $100.09 and a 200 day moving average price of $95.05. SharkNinja, Inc. has a fifty-two week low of $45.85 and a fifty-two week 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 stock has a market capitalization of $15.24 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Analysts forecast that SharkNinja, Inc. will post 3.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Jefferies Financial Group increased their price objective 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. boosted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday. Canaccord Genuity Group increased their target price on shares of SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. 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 price target on the stock. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.28.

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.