Holocene Advisors LP Buys 40,220 Shares of SharkNinja, Inc. (NYSE:SN)

Holocene Advisors LP boosted its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 51.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,028 shares of the company's stock after purchasing an additional 40,220 shares during the quarter. Holocene Advisors LP owned about 0.08% of SharkNinja worth $12,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SN. FMR LLC boosted its position in shares of SharkNinja by 47.5% during the third quarter. FMR LLC now owns 10,307,632 shares of the company's stock worth $1,120,543,000 after buying an additional 3,321,684 shares during the period. William Blair Investment Management LLC bought a new position in shares of SharkNinja during the second quarter worth approximately $190,482,000. Baillie Gifford & Co. increased its stake in shares of SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after purchasing an additional 1,797,578 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of SharkNinja during the third quarter worth approximately $114,878,000. Finally, Thrivent Financial for Lutherans increased its stake in SharkNinja by 29.0% during the 2nd 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 during the period. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Up 6.7 %

Shares of SharkNinja stock traded up $6.58 during trading hours on Wednesday, reaching $105.45. The company's stock had a trading volume of 1,913,068 shares, compared to its average volume of 1,213,737. SharkNinja, Inc. has a one year low of $45.70 and a one year high of $112.93. The company has a market capitalization of $14.76 billion, a P/E ratio of 41.35, a P/E/G ratio of 1.62 and a beta of 1.01. The stock's fifty day simple moving average is $103.49 and its two-hundred day simple moving average is $90.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. The firm had revenue of $1.43 billion for 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 quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. On average, research analysts forecast that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 target price for the company. Morgan Stanley upped their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Guggenheim upped their price target on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Jefferies Financial Group upped their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $116.39.

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.