SharkNinja, Inc. (NYSE:SN) is Riposte Capital LLC's 9th Largest Position

Riposte Capital LLC lowered its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 42.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 100,000 shares of the company's stock after selling 75,000 shares during the quarter. SharkNinja comprises 1.2% of Riposte Capital LLC's investment portfolio, making the stock its 9th biggest holding. Riposte Capital LLC owned about 0.07% of SharkNinja worth $10,871,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SN. Signaturefd LLC grew its stake in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after purchasing an additional 182 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of SharkNinja in the third quarter valued at approximately $54,000. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja in the third quarter valued at approximately $65,000. Picton Mahoney Asset Management acquired a new position in shares of SharkNinja in the second quarter valued at approximately $70,000. Finally, Kessler Investment Group LLC acquired a new position in shares of SharkNinja in the second quarter valued at approximately $125,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Guggenheim upped their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, October 7th. Canaccord Genuity Group upped their price objective on SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, October 25th. The Goldman Sachs Group upped 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. Finally, Jefferies Financial Group upped their price objective on SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, SharkNinja has a consensus rating of "Moderate Buy" and a consensus target price of $116.39.

SharkNinja Trading Down 1.2 %

NYSE:SN traded down $1.30 on Thursday, hitting $104.15. 994,312 shares of the stock were exchanged, compared to its average volume of 1,212,522. The stock has a market cap of $14.57 billion, a PE ratio of 41.35, a PEG ratio of 1.63 and a beta of 1.00. 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 fifty day moving average of $103.49 and a 200-day moving average of $90.23. SharkNinja, Inc. has a fifty-two week low of $45.85 and a fifty-two week high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly 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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The firm's revenue was up 33.3% on a year-over-year basis. As a group, equities analysts expect that SharkNinja, Inc. will post 3.88 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.