SharkNinja Target of Unusually Large Options Trading (NYSE:SN)

SharkNinja, Inc. (NYSE:SN - Get Free Report) saw unusually large options trading activity on Monday. Investors purchased 37,860 put options on the stock. This represents an increase of 2,570% compared to the typical volume of 1,418 put options.

Hedge Funds Weigh In On SharkNinja

Institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC purchased a new position in SharkNinja in the 2nd quarter worth approximately $190,482,000. Thrivent Financial for Lutherans increased its position in shares of SharkNinja by 29.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock valued at $127,450,000 after acquiring an additional 380,926 shares during the period. Wolf Hill Capital Management LP increased its position in shares of SharkNinja by 4.1% in the first quarter. Wolf Hill Capital Management LP now owns 1,405,343 shares of the company's stock valued at $87,539,000 after acquiring an additional 55,974 shares during the period. Jericho Capital Asset Management L.P. purchased a new stake in shares of SharkNinja during the first quarter worth about $62,309,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of SharkNinja by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company's stock worth $56,401,000 after purchasing an additional 14,140 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Price Performance

SN stock traded up $2.13 during mid-day trading on Monday, reaching $91.25. 2,403,693 shares of the company traded hands, compared to its average volume of 1,168,831. The company has a fifty day moving average price of $103.45 and a 200-day moving average price of $85.33. SharkNinja has a 52-week low of $41.12 and a 52-week high of $112.93. The company has a market capitalization of $12.77 billion, a P/E ratio of 35.78, a P/E/G ratio of 1.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a return on equity of 33.74% and a net margin of 7.02%. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the previous year, the business earned $0.95 earnings per share. The firm's revenue was up 33.3% on a year-over-year basis. As a group, analysts anticipate that SharkNinja will post 3.9 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SN shares. Guggenheim increased their price target 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 report on Monday, October 21st. 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. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Oppenheimer started coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price target on the stock. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, SharkNinja presently has an average rating of "Moderate Buy" and a consensus target price 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.