Y Intercept Hong Kong Ltd Buys New Shares in SharkNinja, Inc. (NYSE:SN)

Y Intercept Hong Kong Ltd purchased a new position in SharkNinja, Inc. (NYSE:SN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,728 shares of the company’s stock, valued at approximately $947,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SN. Signaturefd LLC lifted its stake in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares during the period. Hollencrest Capital Management bought a new stake in shares of SharkNinja in the 3rd quarter worth approximately $54,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of SharkNinja during the 3rd quarter worth approximately $54,000. R Squared Ltd acquired a new stake in shares of SharkNinja during the 4th quarter worth approximately $55,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of SharkNinja during the third quarter valued at approximately $163,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Down 2.3 %

SN stock opened at $103.52 on Friday. SharkNinja, Inc. has a fifty-two week low of $53.33 and a fifty-two week high of $123.00. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 2.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The business has a fifty day moving average price of $106.26 and a 200 day moving average price of $102.53.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. Analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SN. Morgan Stanley boosted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Jefferies Financial Group raised their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group upped their price objective on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

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.