Tidal Investments LLC Acquires 5,416 Shares of SharkNinja, Inc. (NYSE:SN)

Tidal Investments LLC increased its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 38.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,397 shares of the company's stock after purchasing an additional 5,416 shares during the period. Tidal Investments LLC's holdings in SharkNinja were worth $2,109,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SN. FMR LLC raised its position in SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company's stock worth $1,120,543,000 after purchasing an additional 3,321,684 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of SharkNinja in the 2nd quarter valued at approximately $190,482,000. Baillie Gifford & Co. raised its holdings in shares of SharkNinja by 6,408.9% in the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after buying an additional 1,797,578 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of SharkNinja by 29.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company's stock worth $127,450,000 after buying an additional 380,926 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in SharkNinja in the 3rd quarter valued at $114,878,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of SN traded down $0.77 during mid-day trading on Tuesday, hitting $100.89. 612,069 shares of the company traded hands, compared to its average volume of 1,204,800. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $14.12 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 1.65 and a beta of 1.00. The business has a 50-day moving average of $102.35 and a 200 day moving average of $91.72. SharkNinja, Inc. has a one year low of $45.85 and a one year high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.17. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The business's quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. As a group, equities analysts expect that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Guggenheim increased their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Jefferies Financial Group boosted 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. Canaccord Genuity Group upped their price objective 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, Morgan Stanley lifted 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $116.39.

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.