Concentric Capital Strategies LP Purchases Shares of 18,313 SharkNinja, Inc. (NYSE:SN)

Concentric Capital Strategies LP bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,313 shares of the company's stock, valued at approximately $1,991,000.

A number of other large investors have also recently made changes to their positions in the stock. Signaturefd LLC raised its holdings in shares of 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 in the last quarter. Hollencrest Capital Management purchased a new stake in shares of SharkNinja in the 3rd quarter worth approximately $54,000. Waldron Private Wealth LLC bought a new position in shares of SharkNinja during the third quarter valued at approximately $65,000. Picton Mahoney Asset Management bought a new position in SharkNinja in the second quarter worth approximately $70,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in SharkNinja during the third quarter worth $163,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Up 0.9 %

Shares of NYSE SN traded up $0.91 during midday trading on Tuesday, hitting $99.24. The company's stock had a trading volume of 167,236 shares, compared to its average volume of 1,208,698. The business's fifty day simple moving average is $103.78 and its two-hundred day simple moving average is $89.77. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 38.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. SharkNinja, Inc. has a 1 year low of $45.70 and a 1 year high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The business's revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 EPS. On average, equities analysts predict that SharkNinja, Inc. will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SN. Guggenheim upped their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. Oppenheimer assumed coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price target for the company. Morgan Stanley boosted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Jefferies Financial Group increased their price objective on SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.39.

About SharkNinja

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.