Seven Grand Managers LLC Purchases 75,000 Shares of SharkNinja, Inc. (NYSE:SN)

Seven Grand Managers LLC raised its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 150.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,000 shares of the company's stock after purchasing an additional 75,000 shares during the period. SharkNinja accounts for approximately 3.1% of Seven Grand Managers LLC's investment portfolio, making the stock its 8th biggest holding. Seven Grand Managers LLC owned about 0.09% of SharkNinja worth $13,589,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Perpetual Ltd increased its position in shares of SharkNinja by 3.6% during the first quarter. Perpetual Ltd now owns 317,960 shares of the company's stock worth $19,806,000 after purchasing an additional 11,112 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of SharkNinja during the first quarter valued at $981,000. GSA Capital Partners LLP purchased a new stake in shares of SharkNinja during the first quarter valued at $1,076,000. Capstone Investment Advisors LLC grew its holdings in shares of SharkNinja by 275.5% during the first quarter. Capstone Investment Advisors LLC now owns 92,772 shares of the company's stock valued at $5,779,000 after buying an additional 68,069 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of SharkNinja during the fourth quarter valued at $47,811,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SN has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. The Goldman Sachs Group boosted their price objective on shares of SharkNinja from $83.00 to $102.00 and gave the company a "buy" rating in a report on Monday, August 12th. Bank of America boosted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. Oppenheimer began coverage on shares of SharkNinja in a report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $97.00 to $128.00 and gave the company an "overweight" rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $97.94.

SharkNinja Price Performance

Shares of SharkNinja stock traded up $0.95 during trading hours on Thursday, reaching $106.07. The stock had a trading volume of 1,278,939 shares, compared to its average volume of 1,119,211. The stock's 50 day moving average is $99.84 and its 200 day moving average is $81.49. The firm has a market capitalization of $14.84 billion, a PE ratio of 60.96, a PEG ratio of 1.87 and a beta of 0.77. SharkNinja, Inc. has a twelve month low of $38.69 and a twelve month high of $110.96. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.14. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The company's revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Equities analysts expect that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal year.

About SharkNinja

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.