Wexford Capital LP Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Wexford Capital LP bought 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 fund bought 2,992 shares of the company’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SN. Stifel Financial Corp boosted its holdings in SharkNinja by 2.1% during the third quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after buying an additional 100 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of SharkNinja by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after acquiring an additional 139 shares during the period. Signaturefd LLC lifted its position in shares of SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after acquiring an additional 182 shares during the period. Hollencrest Capital Management purchased a new stake in shares of SharkNinja during the 3rd quarter worth approximately $54,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of SharkNinja in the 3rd quarter worth approximately $54,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of SN stock opened at $101.71 on Friday. 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 firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. SharkNinja, Inc. has a one year low of $45.85 and a one year high of $112.93. The company has a 50 day moving average price of $103.41 and a 200 day moving average price of $90.31.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The firm had revenue of $1.43 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. Sell-side analysts anticipate that SharkNinja, Inc. will post 3.88 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Oppenheimer started coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Morgan Stanley boosted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. One investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.39.

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.