Riposte Capital LLC Raises Stock Position in SharkNinja, Inc. (NYSE:SN)

Riposte Capital LLC lifted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,000 shares of the company's stock after buying an additional 15,000 shares during the period. SharkNinja makes up 2.2% of Riposte Capital LLC's holdings, making the stock its 13th biggest position. Riposte Capital LLC owned 0.08% of SharkNinja worth $11,196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SN. Safe Harbor Fiduciary LLC purchased a new position in shares of SharkNinja during the 3rd quarter worth $54,000. R Squared Ltd acquired a new stake in shares of SharkNinja during the 4th quarter worth approximately $55,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of SharkNinja during the 3rd quarter valued at approximately $163,000. SG Americas Securities LLC acquired a new position in SharkNinja in the fourth quarter valued at approximately $171,000. Finally, First Dallas Securities Inc. purchased a new position in SharkNinja in the third quarter worth approximately $215,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on SN. Morgan Stanley lifted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Canaccord Genuity Group boosted their target price on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. boosted their price objective on SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $122.50.

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SharkNinja Stock Down 4.4 %

Shares of NYSE:SN traded down $3.97 during trading hours on Thursday, reaching $85.80. The stock had a trading volume of 1,085,523 shares, compared to its average volume of 1,274,966. SharkNinja, Inc. has a 1 year low of $60.57 and a 1 year high of $123.00. The firm's 50 day moving average is $102.91 and its 200-day moving average is $102.51. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.61 billion. Research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.