Archon Capital Management LLC Raises Stake in SharkNinja, Inc. (NYSE:SN)

Archon Capital Management LLC increased its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 157.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 68,600 shares of the company's stock after buying an additional 42,000 shares during the period. SharkNinja accounts for about 6.5% of Archon Capital Management LLC's portfolio, making the stock its largest holding. Archon Capital Management LLC's holdings in SharkNinja were worth $6,679,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of SharkNinja by 17.8% during the 3rd quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after purchasing an additional 101,020 shares during the last quarter. Tidal Investments LLC grew its holdings in SharkNinja by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock worth $2,109,000 after acquiring an additional 5,416 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in SharkNinja during the third quarter valued at $5,832,000. Harbor Capital Advisors Inc. lifted its stake in SharkNinja by 30.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock valued at $11,430,000 after buying an additional 27,436 shares during the period. Finally, Cannell & Spears LLC bought a new position in shares of SharkNinja during the 4th quarter worth approximately $18,125,000. 34.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Canaccord Genuity Group increased their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, 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. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $119.28.

SharkNinja Stock Up 0.7 %

SN traded up $0.55 during midday trading on Thursday, reaching $74.21. The company's stock had a trading volume of 499,109 shares, compared to its average volume of 1,648,257. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock's 50-day moving average is $90.93 and its 200-day moving average is $99.32. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.35 and a beta of 1.65.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. As a group, research analysts expect that SharkNinja, Inc. will post 4.52 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.