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

Contravisory Investment Management Inc. purchased a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 83,916 shares of the company's stock, valued at approximately $8,170,000. SharkNinja accounts for 1.7% of Contravisory Investment Management Inc.'s holdings, making the stock its 26th largest position. Contravisory Investment Management Inc. owned about 0.06% of SharkNinja at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC increased its stake in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after buying an additional 182 shares during the period. Hollencrest Capital Management purchased a new position in shares of SharkNinja in the third quarter valued at about $54,000. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja during the third quarter valued at about $54,000. Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja during the third quarter worth about $65,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of SharkNinja during the third quarter worth about $163,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Up 1.5 %

NYSE SN traded up $1.65 during trading hours on Thursday, reaching $108.87. 977,160 shares of the company's stock traded hands, compared to its average volume of 982,036. SharkNinja, Inc. has a 52-week low of $45.85 and a 52-week high of $112.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The firm has a 50-day simple moving average of $100.09 and a 200 day simple moving average of $95.05. The firm has a market cap of $15.24 billion, a PE ratio of 42.70, a PEG ratio of 1.54 and a beta of 1.10.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business's revenue was up 33.3% on a year-over-year basis. During the same period last year, the business earned $0.95 earnings per share. Sell-side analysts anticipate that SharkNinja, Inc. will post 3.89 EPS for the current fiscal year.

Analysts Set New Price Targets

SN has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. 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. Canaccord Genuity Group upped their target price on SharkNinja from $128.00 to $129.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday. Finally, 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 report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $117.28.

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.