SharkNinja, Inc. (NYSE:SN) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP grew its position in shares of SharkNinja, Inc. (NYSE:SN) by 25.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,334 shares of the company’s stock after purchasing an additional 1,279 shares during the quarter. Aigen Investment Management LP’s holdings in SharkNinja were worth $617,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in shares of SharkNinja during the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja during the 3rd quarter valued at $54,000. R Squared Ltd acquired a new position in shares of SharkNinja during the 4th quarter valued at $55,000. Northwest & Ethical Investments L.P. acquired a new position in shares of SharkNinja during the 3rd quarter valued at $163,000. Finally, SG Americas Securities LLC acquired a new position in shares of SharkNinja during the 4th quarter valued at $171,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SN has been the topic of several research analyst reports. Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Canaccord Genuity Group raised their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group raised their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.50.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $90.89 on Friday. The stock has a market cap of $12.72 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. The business has a fifty day simple moving average of $106.26 and a 200-day simple moving average of $102.77. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 12 month low of $54.54 and a 12 month high of $123.00.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS 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.