SharkNinja, Inc. (NYSE:SN) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP increased its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 115.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,142 shares of the company's stock after acquiring an additional 6,518 shares during the quarter. Bridgewater Associates LP's holdings in SharkNinja were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Signaturefd LLC raised its position 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 purchasing an additional 182 shares during the period. Hollencrest Capital Management purchased a new stake in SharkNinja in the 3rd quarter valued at about $54,000. Waldron Private Wealth LLC acquired a new position in SharkNinja in the third quarter valued at about $65,000. Picton Mahoney Asset Management purchased a new position in SharkNinja during the second quarter worth about $70,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of SharkNinja during the second quarter valued at about $125,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 2.2 %

SharkNinja stock traded down $2.22 during midday trading on Monday, reaching $98.33. The company's stock had a trading volume of 874,383 shares, compared to its average volume of 1,213,242. The business has a 50-day simple moving average of $103.78 and a 200-day simple moving average of $89.77. The company has a market cap of $13.76 billion, a P/E ratio of 38.56, a P/E/G ratio of 1.66 and a beta of 1.04. SharkNinja, Inc. has a fifty-two week low of $45.70 and a fifty-two week high of $112.93. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm's revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, research analysts expect that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America upped their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their price objective on SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Jefferies Financial Group increased their target price on SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Oppenheimer assumed coverage on SharkNinja in a report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 target price for the company. Finally, Guggenheim boosted their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $116.39.

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.