Holocene Advisors LP Has $12.83 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

Holocene Advisors LP increased its stake in SharkNinja, Inc. (NYSE:SN) by 51.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,028 shares of the company’s stock after buying an additional 40,220 shares during the quarter. Holocene Advisors LP’s holdings in SharkNinja were worth $12,831,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. CIBC Asset Management Inc boosted its holdings in shares of SharkNinja by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after buying an additional 139 shares during the last quarter. Signaturefd LLC raised its stake in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after acquiring an additional 182 shares during the period. Hollencrest Capital Management bought a new stake in SharkNinja in the 3rd quarter valued at $54,000. Waldron Private Wealth LLC bought a new stake in SharkNinja in the 3rd quarter valued at $65,000. Finally, Concorde Asset Management LLC raised its stake in SharkNinja by 7.6% in the 3rd quarter. Concorde Asset Management LLC now owns 9,468 shares of the company’s stock valued at $1,029,000 after acquiring an additional 667 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Oppenheimer assumed coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target on the stock. Guggenheim increased their price target on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Morgan Stanley increased their price objective on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered their price objective on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, 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 report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.39.

SharkNinja Stock Up 0.5 %

Shares of NYSE SN opened at $98.87 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja, Inc. has a 52 week low of $45.70 and a 52 week high of $112.93. The stock has a market capitalization of $13.84 billion, a P/E ratio of 38.77, a PEG ratio of 1.62 and a beta of 1.01. The stock’s fifty day moving average is $103.50 and its 200 day moving average is $90.12.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share 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%. SharkNinja’s revenue was up 33.3% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. Sell-side analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

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.