Cooper Creek Partners Management LLC Purchases 393,369 Shares of SharkNinja, Inc. (NYSE:SN)

Cooper Creek Partners Management LLC lifted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 90.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 829,454 shares of the company's stock after acquiring an additional 393,369 shares during the quarter. SharkNinja accounts for about 2.5% of Cooper Creek Partners Management LLC's holdings, making the stock its 13th biggest holding. Cooper Creek Partners Management LLC owned approximately 0.59% of SharkNinja worth $80,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SN. R Squared Ltd bought a new position in shares of SharkNinja during the fourth quarter valued at about $55,000. Covestor Ltd grew its position in shares of SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of SharkNinja during the fourth quarter valued at approximately $171,000. World Investment Advisors LLC purchased a new stake in SharkNinja in the third quarter worth $244,000. Finally, The Manufacturers Life Insurance Company bought a new stake in SharkNinja in the third quarter valued at $271,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Up 0.8 %

Shares of NYSE:SN traded up $0.59 during trading on Friday, reaching $74.25. 1,342,375 shares of the stock traded hands, compared to its average volume of 1,390,237. The stock has a market cap of $10.42 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a 50-day moving average of $90.22 and a two-hundred day moving average of $99.09. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SN shares. Morgan Stanley lifted their target price on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Canaccord Genuity Group increased their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group increased their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.28.

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.