Aigen Investment Management LP Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Aigen Investment Management LP bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,055 shares of the company's stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SN. Signaturefd LLC lifted its holdings in SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after acquiring an additional 182 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of SharkNinja during the 3rd quarter worth approximately $54,000. Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja in the 3rd quarter valued at about $65,000. Picton Mahoney Asset Management purchased a new position in shares of SharkNinja during the second quarter worth about $70,000. Finally, Headlands Technologies LLC acquired a new position in shares of SharkNinja in the first quarter valued at approximately $66,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Oppenheimer initiated coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 target price on the stock. Jefferies Financial Group increased their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Morgan Stanley boosted their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. reduced their price objective on SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and an average target price of $110.85.

SharkNinja Price Performance

NYSE SN traded down $1.10 on Thursday, reaching $101.01. The company's stock had a trading volume of 511,102 shares, compared to its average volume of 1,208,565. 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 firm's 50 day moving average is $104.19 and its two-hundred day moving average is $86.96. SharkNinja, Inc. has a twelve month low of $42.90 and a twelve month high of $112.93. The stock has a market cap of $14.14 billion, a PE ratio of 40.03, a PEG ratio of 1.68 and a beta of 1.04.

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