Hollencrest Capital Management Takes $54,000 Position in SharkNinja, Inc. (NYSE:SN)

Hollencrest Capital Management purchased a new position in SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 500 shares of the company’s stock, valued at approximately $54,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in SharkNinja by 9.4% during the first quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock worth $275,000 after acquiring an additional 380 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of SharkNinja during the 1st quarter worth about $385,000. 12 West Capital Management LP bought a new position in SharkNinja during the 1st quarter valued at about $5,918,000. Sei Investments Co. boosted its position in SharkNinja by 96.4% in the first quarter. Sei Investments Co. now owns 53,841 shares of the company’s stock valued at $3,354,000 after buying an additional 26,432 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in SharkNinja in the first quarter valued at about $66,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

SharkNinja stock opened at $104.27 on Friday. The company has a market cap of $14.59 billion, a PE ratio of 40.91, a PEG ratio of 1.51 and a beta of 1.04. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. SharkNinja, Inc. has a 1 year low of $41.12 and a 1 year high of $112.93. The company’s 50-day moving average is $103.64 and its two-hundred day moving average is $85.68.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $0.95 earnings per share. SharkNinja’s revenue was up 33.3% compared to the same quarter last year. Equities analysts anticipate that SharkNinja, Inc. will post 3.9 earnings per share for the current year.

Analysts Set New Price Targets

SN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Canaccord Genuity Group raised their price target on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 25th. Oppenheimer started coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective on the stock. Morgan Stanley raised their target price on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lifted their price target on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.85.

SharkNinja 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.