Rhumbline Advisers Has $4.57 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

Rhumbline Advisers increased its position in shares of SharkNinja, Inc. (NYSE:SN) by 1,810.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,769 shares of the company’s stock after acquiring an additional 57,588 shares during the quarter. Rhumbline Advisers’ holdings in SharkNinja were worth $4,567,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Parallel Advisors LLC bought a new stake in SharkNinja during the 4th quarter worth about $37,000. Headlands Technologies LLC acquired a new position in SharkNinja in the first quarter valued at approximately $66,000. Picton Mahoney Asset Management bought a new position in SharkNinja in the second quarter valued at approximately $70,000. Kessler Investment Group LLC acquired a new stake in SharkNinja during the 2nd quarter worth $125,000. Finally, Essex LLC bought a new stake in shares of SharkNinja during the 1st quarter valued at $204,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America raised their price target on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Canaccord Genuity Group raised their target price on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. The Goldman Sachs Group lifted their price objective on shares of SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, China Renaissance assumed coverage on shares of SharkNinja in a research note on Wednesday, May 29th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.81.

SharkNinja Stock Up 1.4 %

Shares of SN stock opened at $103.24 on Monday. SharkNinja, Inc. has a 12-month low of $38.69 and a 12-month high of $104.13. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average of $83.96 and a 200-day moving average of $73.59. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 76.47, a P/E/G ratio of 1.49 and a beta of 0.76.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. As a group, equities research analysts predict that SharkNinja, Inc. will post 3.89 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.