Oak Thistle LLC Takes Position in SharkNinja, Inc. (NYSE:SN)

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

Several other hedge funds have also recently added to or reduced their stakes in SN. Stifel Financial Corp grew its position in shares of SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc boosted its stake in SharkNinja by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock worth $438,000 after acquiring an additional 139 shares during the last quarter. Signaturefd LLC boosted its stake in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after acquiring an additional 182 shares during the last quarter. Hollencrest Capital Management acquired a new position in SharkNinja during the third quarter valued at approximately $54,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in SharkNinja in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SN shares. JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday. Canaccord Genuity Group increased their price target on SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. The Goldman Sachs Group lifted their price objective on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Oppenheimer started coverage on SharkNinja in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and a consensus target price of $117.28.

SharkNinja Trading Up 1.5 %

NYSE SN opened at $108.87 on Friday. SharkNinja, Inc. has a 52 week low of $45.85 and a 52 week high of $112.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The stock’s 50 day moving average price is $100.09 and its two-hundred day moving average price is $95.05. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 1.54 and a beta of 1.10.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.02% and a return on equity of 32.55%. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, analysts anticipate that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal 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.