SharkNinja, Inc. (NYSE:SN) Shares Acquired by Seven Eight Capital LP

Seven Eight Capital LP increased its position in SharkNinja, Inc. (NYSE:SN) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,847 shares of the company’s stock after acquiring an additional 6,156 shares during the period. Seven Eight Capital LP’s holdings in SharkNinja were worth $2,168,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Parallel Advisors LLC acquired a new position in SharkNinja during the 4th quarter valued at about $37,000. Picton Mahoney Asset Management acquired a new position in SharkNinja during the 2nd quarter valued at about $70,000. Headlands Technologies LLC acquired a new position in SharkNinja during the 1st quarter valued at about $66,000. Kessler Investment Group LLC acquired a new position in SharkNinja during the 2nd quarter valued at about $125,000. Finally, Essex LLC acquired a new position in SharkNinja during the 1st quarter valued at about $204,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

SN has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. China Renaissance initiated coverage on shares of SharkNinja in a research report on Wednesday, May 29th. They set a “buy” rating for the company. Canaccord Genuity Group raised their price objective 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. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Bank of America raised their target price on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. One 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 company has a consensus rating of “Moderate Buy” and an average target price of $83.81.

SharkNinja Price Performance

NYSE SN opened at $104.99 on Thursday. The company has a 50 day simple moving average of $85.87 and a 200-day simple moving average of $74.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 77.77, a price-to-earnings-growth ratio of 1.49 and a beta of 0.76. SharkNinja, Inc. has a 52-week low of $38.69 and a 52-week high of $106.26.

SharkNinja (NYSE:SN) last posted its quarterly 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 business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm’s revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 earnings per share. 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.