Concorde Asset Management LLC Purchases Shares of 8,801 SharkNinja, Inc. (NYSE:SN)

Concorde Asset Management LLC acquired a new position in shares of SharkNinja, Inc. (NYSE:SN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,801 shares of the company’s stock, valued at approximately $661,000.

Several other institutional investors also recently modified their holdings of the company. William Blair Investment Management LLC acquired a new position in shares of SharkNinja in the second quarter valued at $190,482,000. Parsifal Capital Management LP grew its stake in SharkNinja by 57.9% in the 4th quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock valued at $162,304,000 after buying an additional 1,163,185 shares during the last quarter. Wolf Hill Capital Management LP raised its holdings in SharkNinja by 349.8% in the 4th quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock valued at $69,047,000 after acquiring an additional 1,049,369 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in SharkNinja during the first quarter worth approximately $62,309,000. Finally, Wellington Management Group LLP bought a new stake in shares of SharkNinja during the fourth quarter worth approximately $47,811,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Up 1.5 %

SN opened at $104.99 on Thursday. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 77.77, a P/E/G ratio of 1.49 and a beta of 0.76. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. SharkNinja, Inc. has a twelve month low of $38.69 and a twelve month high of $106.26. The company has a 50-day simple moving average of $85.87 and a 200 day simple moving average of $74.49.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SN shares. Bank of America increased their target price on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. China Renaissance started coverage on SharkNinja in a report on Wednesday, May 29th. They set a “buy” rating for the company. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.81.

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.