LMR Partners LLP Invests $1.52 Million in SharkNinja, Inc. (NYSE:SN)

LMR Partners LLP bought a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,993 shares of the company's stock, valued at approximately $1,521,000.

A number of other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc grew its position in SharkNinja by 3.6% in the third quarter. CIBC Asset Management Inc now owns 4,026 shares of the company's stock valued at $438,000 after acquiring an additional 139 shares during the period. Signaturefd LLC grew its stake in SharkNinja by 104.6% during 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 last quarter. SG Americas Securities LLC increased its holdings in shares of SharkNinja by 9.4% during the first quarter. SG Americas Securities LLC now owns 4,418 shares of the company's stock worth $275,000 after buying an additional 380 shares in the last quarter. Hollencrest Capital Management bought a new position in SharkNinja in the 3rd quarter valued at $54,000. Finally, Waldron Private Wealth LLC acquired a new position in SharkNinja in the third quarter worth $65,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

SharkNinja Trading Down 0.5 %

NYSE SN traded down $0.52 on Tuesday, reaching $98.94. The company had a trading volume of 950,800 shares, compared to its average volume of 1,208,461. The business has a 50 day moving average of $104.45 and a two-hundred day moving average of $87.88. SharkNinja, Inc. has a fifty-two week low of $44.97 and a fifty-two 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 market cap of $13.85 billion, a price-to-earnings ratio of 39.00, a P/E/G ratio of 1.67 and a beta of 1.04.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly 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. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $0.95 EPS. SharkNinja's revenue was up 33.3% compared to the same quarter last year. Analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current year.

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.