2,656 Shares in SharkNinja, Inc. (NYSE:SN) Purchased by Encompass More Asset Management

Encompass More Asset Management purchased a new position in SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,656 shares of the company’s stock, valued at approximately $289,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its position in SharkNinja by 3.6% in the third quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock worth $438,000 after purchasing an additional 139 shares in the last quarter. Signaturefd LLC raised its position in SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new position in SharkNinja in the third quarter worth about $54,000. Waldron Private Wealth LLC acquired a new stake in shares of SharkNinja during the third quarter worth approximately $65,000. Finally, Concorde Asset Management LLC increased its holdings in shares of SharkNinja by 7.6% during the third quarter. Concorde Asset Management LLC now owns 9,468 shares of the company’s stock worth $1,029,000 after buying an additional 667 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Jefferies Financial Group raised their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Oppenheimer assumed coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective for the company. Finally, Guggenheim raised their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.39.

SharkNinja Price Performance

SN opened at $100.55 on Friday. SharkNinja, Inc. has a one year low of $45.35 and a one year high of $112.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The company’s 50 day simple moving average is $103.78 and its 200-day simple moving average is $89.65. The stock has a market capitalization of $14.07 billion, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04.

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 analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $0.95 earnings per share. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. Sell-side analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal 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.