XTX Topco Ltd Makes New $790,000 Investment in SharkNinja, Inc. (NYSE:SN)

XTX Topco Ltd acquired a new position in SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,118 shares of the company's stock, valued at approximately $790,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in SharkNinja in the fourth quarter worth $55,000. Covestor Ltd increased its position in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares during the last quarter. SG Americas Securities LLC purchased a new stake in SharkNinja in the fourth quarter worth $171,000. World Investment Advisors LLC purchased a new stake in SharkNinja in the third quarter worth $244,000. Finally, F M Investments LLC purchased a new stake in SharkNinja in the fourth quarter worth $245,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SN has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Canaccord Genuity Group lifted their price target on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group reduced their price target on SharkNinja from $133.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.72.

SharkNinja Price Performance

Shares of NYSE SN traded up $3.64 during midday trading on Wednesday, hitting $78.11. 747,514 shares of the company's stock were exchanged, compared to its average volume of 1,636,911. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.35 and a beta of 1.65. The business's fifty day moving average price is $87.97 and its two-hundred day moving average price is $98.29.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data 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 return on equity of 32.51% and a net margin of 7.94%. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. As a group, research analysts forecast that SharkNinja, Inc. will post 4.52 EPS 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.