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

LMR Partners LLP acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,993 shares of the company’s stock, valued at approximately $1,521,000.

A number of other institutional investors also recently added to or reduced their stakes in SN. Signaturefd LLC raised its stake in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of SharkNinja during the third quarter worth $54,000. Waldron Private Wealth LLC acquired a new position in SharkNinja during the third quarter valued at $65,000. Picton Mahoney Asset Management acquired a new position in SharkNinja during the second quarter valued at $70,000. Finally, Kessler Investment Group LLC acquired a new position in SharkNinja during the second quarter valued at $125,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of recent research reports. Guggenheim boosted their target price on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Jefferies Financial Group increased their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group upped 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. JPMorgan Chase & Co. cut their price target on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Oppenheimer assumed coverage on SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price for the company. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.85.

SharkNinja Stock Performance

NYSE SN opened at $99.46 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $104.45 and a 200 day simple moving average of $87.88. SharkNinja, Inc. has a twelve month low of $44.97 and a twelve month high of $112.93. The company has a market capitalization of $13.92 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 1.67 and a beta of 1.04.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $0.95 EPS. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. Sell-side analysts expect that SharkNinja, Inc. will post 3.88 EPS for the current 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.