Point72 Hong Kong Ltd Buys New Stake in SharkNinja, Inc. (NYSE:SN)

Point72 Hong Kong Ltd purchased a new stake in SharkNinja, Inc. (NYSE:SN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,099 shares of the company’s stock, valued at approximately $554,000.

A number of other institutional investors also recently bought and sold shares of SN. Signaturefd LLC raised its position in shares of SharkNinja by 104.6% during the 3rd 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 acquired a new stake in SharkNinja during the third quarter worth approximately $54,000. Waldron Private Wealth LLC acquired a new stake in SharkNinja during the third quarter worth approximately $65,000. Picton Mahoney Asset Management purchased a new stake in shares of SharkNinja during the 2nd quarter worth approximately $70,000. Finally, Kessler Investment Group LLC acquired a new position in shares of SharkNinja in the 2nd quarter valued at $125,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Trading Down 2.2 %

NYSE:SN opened at $98.37 on Tuesday. SharkNinja, Inc. has a 12-month low of $45.70 and a 12-month high of $112.93. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $103.78 and its 200-day simple moving average is $89.77. The firm has a market cap of $13.77 billion, a P/E ratio of 38.58, a PEG ratio of 1.66 and a beta of 1.01.

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, beating the consensus estimate of $1.04 by $0.17. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja’s revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. Equities analysts anticipate that SharkNinja, Inc. will post 3.88 EPS for the current year.

Wall Street Analysts Forecast Growth

SN has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. reduced their target price on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Canaccord Genuity Group raised their price target on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Oppenheimer initiated coverage on SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and a consensus target price of $116.39.

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.