Concentric Capital Strategies LP Acquires Shares of 18,313 SharkNinja, Inc. (NYSE:SN)

Concentric Capital Strategies LP bought a new position in shares of SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 18,313 shares of the company’s stock, valued at approximately $1,991,000.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after acquiring an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new stake in SharkNinja during the 3rd quarter worth approximately $54,000. Waldron Private Wealth LLC bought a new stake in SharkNinja during the 3rd quarter worth approximately $65,000. Picton Mahoney Asset Management acquired a new stake in SharkNinja during the 2nd quarter worth approximately $70,000. Finally, Kessler Investment Group LLC bought a new position in SharkNinja in the second quarter valued at approximately $125,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SN. Morgan Stanley raised their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Canaccord Genuity Group lifted their price target on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer started coverage on SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target on the stock. Bank of America increased their price objective on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Finally, 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. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.39.

SharkNinja Stock Performance

Shares of NYSE SN opened at $98.37 on Tuesday. 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 stock has a 50 day moving average price of $103.78 and a 200 day moving average price of $89.77. The stock has a market capitalization of $13.77 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.01. SharkNinja, Inc. has a 52 week low of $45.70 and a 52 week high of $112.93.

SharkNinja (NYSE:SN) last announced its quarterly earnings data 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. 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 quarter in the prior year, the business posted $0.95 EPS. The business’s revenue was up 33.3% compared to the same quarter last year. Analysts predict that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal 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.