Consolidated Investment Group LLC Acquires 8,000 Shares of SharkNinja, Inc. (NYSE:SN)

Consolidated Investment Group LLC boosted its holdings in SharkNinja, Inc. (NYSE:SN) by 103.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 15,700 shares of the company’s stock after purchasing an additional 8,000 shares during the quarter. Consolidated Investment Group LLC’s holdings in SharkNinja were worth $1,706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC bought a new stake in SharkNinja in the 2nd quarter worth about $190,482,000. Thrivent Financial for Lutherans grew its position in SharkNinja by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock valued at $127,450,000 after buying an additional 380,926 shares during the period. Wolf Hill Capital Management LP raised its position in SharkNinja by 4.1% in the first quarter. Wolf Hill Capital Management LP now owns 1,405,343 shares of the company’s stock worth $87,539,000 after acquiring an additional 55,974 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in SharkNinja in the first quarter valued at about $62,309,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of SharkNinja by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company’s stock worth $56,401,000 after purchasing an additional 14,140 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Price Performance

Shares of SN stock opened at $104.29 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The firm has a market cap of $14.59 billion, a P/E ratio of 40.90, a P/E/G ratio of 1.72 and a beta of 1.04. The business’s 50 day moving average price is $103.81 and its 200-day moving average price is $86.30. SharkNinja, Inc. has a fifty-two week low of $41.12 and a fifty-two week high of $112.93.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. On average, equities research analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on SN shares. Jefferies Financial Group upped their price objective on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley increased their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report 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 research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $110.85.

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.