Zacks Investment Management Acquires New Holdings in SharkNinja, Inc. (NYSE:SN)

Zacks Investment Management acquired a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,622 shares of the company's stock, valued at approximately $1,698,000.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC boosted its stake in 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 period. Hollencrest Capital Management bought a new stake in shares of SharkNinja in the third quarter valued at about $54,000. Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja in the third quarter valued at about $54,000. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja in the third quarter valued at about $65,000. Finally, Picton Mahoney Asset Management bought a new position in SharkNinja during the second quarter worth about $70,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Price Performance

SharkNinja stock traded down $0.84 during midday trading on Tuesday, reaching $99.37. The company's stock had a trading volume of 845,700 shares, compared to its average volume of 1,214,479. 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 cap of $13.91 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 1.67 and a beta of 1.01. SharkNinja, Inc. has a 52 week low of $45.85 and a 52 week high of $112.93. The business has a 50-day moving average price of $103.13 and a 200-day moving average price of $90.85.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. 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 prior year, the company earned $0.95 EPS. The firm's quarterly revenue was up 33.3% compared to the same quarter last year. On average, sell-side analysts predict that SharkNinja, Inc. will post 3.88 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SN. Oppenheimer started coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 target price on the stock. Canaccord Genuity Group increased their price target on SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their price objective on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a report on Monday, October 21st. Jefferies Financial Group increased their target price on SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Bank of America boosted their price target on SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $116.39.

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.