LMR Partners LLP Invests $1.52 Million in SharkNinja, Inc. (NYSE:SN)

LMR Partners LLP purchased a new position in SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 13,993 shares of the company’s stock, valued at approximately $1,521,000.

Several other hedge funds have also added to or reduced their stakes in SN. SG Americas Securities LLC grew its holdings in shares of SharkNinja by 9.4% during the first quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock valued at $275,000 after buying an additional 380 shares during the last quarter. Sei Investments Co. increased its stake in shares of SharkNinja by 96.4% in the first quarter. Sei Investments Co. now owns 53,841 shares of the company’s stock worth $3,354,000 after purchasing an additional 26,432 shares in the last quarter. Vanguard Group Inc. grew its stake in SharkNinja by 8.6% during the first quarter. Vanguard Group Inc. now owns 55,735 shares of the company’s stock valued at $3,472,000 after acquiring an additional 4,411 shares in the last quarter. Seven Eight Capital LP grew its stake in SharkNinja by 105.9% during the first quarter. Seven Eight Capital LP now owns 22,691 shares of the company’s stock valued at $1,413,000 after acquiring an additional 11,672 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new position in SharkNinja during the first quarter valued at $494,000. 34.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on SN. JPMorgan Chase & Co. dropped their price objective 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. Oppenheimer started coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective for the company. Bank of America lifted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. The Goldman Sachs Group boosted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley boosted their price target on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and an average price target of $110.85.

SharkNinja Price Performance

Shares of SN opened at $99.46 on Tuesday. The firm has a 50-day simple moving average of $104.45 and a two-hundred day simple moving average of $87.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. SharkNinja, Inc. has a 1-year low of $44.97 and a 1-year high of $112.93. The stock has a market cap of $13.92 billion, a PE ratio of 39.00, a P/E/G ratio of 1.67 and a beta of 1.04.

SharkNinja (NYSE:SN) last issued its quarterly earnings results 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. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 earnings per share. As a group, analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current year.

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.