5,099 Shares in SharkNinja, Inc. (NYSE:SN) Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 5,099 shares of the company's stock, valued at approximately $554,000.

Several other hedge funds have also recently made changes to their positions in the business. Signaturefd LLC boosted its holdings in SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after acquiring an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new stake in SharkNinja during the 3rd quarter valued at $54,000. Waldron Private Wealth LLC acquired a new position in SharkNinja during the third quarter worth $65,000. Picton Mahoney Asset Management bought a new position in shares of SharkNinja in the second quarter valued at $70,000. Finally, Kessler Investment Group LLC acquired a new position in shares of SharkNinja during the second quarter valued at about $125,000. 34.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Morgan Stanley boosted their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Oppenheimer started coverage on SharkNinja in a research report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective on SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.39.

SharkNinja Price Performance

NYSE SN traded up $0.54 on Tuesday, hitting $98.87. The stock had a trading volume of 628,581 shares, compared to its average volume of 1,210,734. The firm has a 50-day moving average of $103.50 and a 200-day moving average of $90.12. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 1.62 and a beta of 1.00. 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, Inc. has a 52-week low of $45.70 and a 52-week high of $112.93.

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 32.55% 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. Equities analysts expect that SharkNinja, Inc. will post 3.88 EPS for the current 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.