Quantbot Technologies LP Increases Position in SharkNinja, Inc. (NYSE:SN)

Quantbot Technologies LP grew its position in SharkNinja, Inc. (NYSE:SN) by 43.3% during the second quarter, Holdings Channel.com reports. The firm owned 89,621 shares of the company’s stock after acquiring an additional 27,075 shares during the period. Quantbot Technologies LP’s holdings in SharkNinja were worth $6,735,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SN. Charles Schwab Investment Management Inc. increased its stake in SharkNinja by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 261,181 shares of the company’s stock valued at $13,365,000 after purchasing an additional 7,710 shares during the last quarter. Norges Bank purchased a new stake in SharkNinja in the fourth quarter valued at $30,841,000. GW&K Investment Management LLC acquired a new position in SharkNinja in the fourth quarter valued at $12,151,000. Yarra Square Partners LP grew its holdings in shares of SharkNinja by 40.2% during the fourth quarter. Yarra Square Partners LP now owns 116,750 shares of the company’s stock worth $5,974,000 after purchasing an additional 33,500 shares during the last quarter. Finally, Highland Peak Capital LLC acquired a new stake in shares of SharkNinja in the 4th quarter valued at about $17,638,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SN shares. Canaccord Genuity Group increased their price objective on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Bank of America increased their price target on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. China Renaissance assumed coverage on shares of SharkNinja in a research note on Wednesday, May 29th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, The Goldman Sachs Group raised their price target on SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.81.

SharkNinja Price Performance

Shares of NYSE SN opened at $103.24 on Monday. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 76.47, a PEG ratio of 1.49 and a beta of 0.76. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. SharkNinja, Inc. has a 52 week low of $38.69 and a 52 week high of $104.13. The company’s 50-day moving average price is $83.96 and its 200 day moving average price is $73.59.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, research analysts forecast that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal year.

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.