Consolidated Investment Group LLC Has $1.71 Million Stake in SharkNinja, Inc. (NYSE:SN)

Consolidated Investment Group LLC lifted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 103.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 15,700 shares of the company's stock after buying an additional 8,000 shares during the quarter. Consolidated Investment Group LLC's holdings in SharkNinja were worth $1,706,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC acquired a new stake in SharkNinja in the 2nd quarter valued at approximately $190,482,000. Jericho Capital Asset Management L.P. bought a new position in shares of SharkNinja during the 1st quarter worth approximately $62,309,000. Hood River Capital Management LLC bought a new stake in shares of SharkNinja during the first quarter worth $38,290,000. Thrivent Financial for Lutherans lifted its holdings in SharkNinja by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock worth $127,450,000 after acquiring an additional 380,926 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of SharkNinja by 1,394.6% in the second quarter. Bank of New York Mellon Corp now owns 254,764 shares of the company's stock valued at $19,146,000 after buying an additional 237,718 shares during the period. Institutional investors own 34.77% of the company's stock.

SharkNinja Trading Down 0.1 %

SN traded down $0.13 during trading on Monday, reaching $104.16. 1,206,247 shares of the company's stock were exchanged, compared to its average volume of 1,205,489. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a one year low of $41.12 and a one year high of $112.93. The firm has a fifty day moving average price of $103.81 and a two-hundred day moving average price of $86.30. The stock has a market capitalization of $14.58 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.04.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja's revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, equities research analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SN shares. JPMorgan Chase & Co. reduced their target price on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Morgan Stanley increased their price objective on SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Guggenheim boosted their target price on SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. The Goldman Sachs Group raised their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Finally, Bank of America increased their target price on shares of SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.85.

SharkNinja Company 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.