Maverick Capital Ltd. Takes $2.22 Million Position in SharkNinja, Inc. (NYSE:SN)

Maverick Capital Ltd. purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,388 shares of the company’s stock, valued at approximately $2,216,000.

Several other institutional investors and hedge funds have also bought and sold shares of SN. Signaturefd LLC grew its position 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 during the last quarter. Hollencrest Capital Management bought a new stake in shares of SharkNinja in the 3rd quarter worth approximately $54,000. Waldron Private Wealth LLC bought a new stake in shares of SharkNinja in the 3rd quarter worth approximately $65,000. Picton Mahoney Asset Management bought a new stake in shares of SharkNinja in the 2nd quarter worth approximately $70,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of SharkNinja in the 3rd quarter worth approximately $163,000. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SN shares. Guggenheim lifted their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Morgan Stanley raised their target price on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Canaccord Genuity Group raised their target price on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Oppenheimer initiated coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price for the company. One equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.39.

SharkNinja Stock Up 2.5 %

SN stock opened at $100.49 on Friday. SharkNinja, Inc. has a twelve month low of $45.35 and a twelve month high of $112.93. 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 market cap of $14.06 billion, a P/E ratio of 39.41, a PEG ratio of 1.62 and a beta of 1.04. The business’s 50-day moving average price is $103.78 and its 200-day moving average price is $89.52.

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