40,496 Shares in SharkNinja, Inc. (NYSE:SN) Acquired by Centiva Capital LP

Centiva Capital LP acquired a new stake in SharkNinja, Inc. (NYSE:SN) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 40,496 shares of the company’s stock, valued at approximately $4,402,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of SharkNinja by 8.6% during the first quarter. Vanguard Group Inc. now owns 55,735 shares of the company’s stock valued at $3,472,000 after acquiring an additional 4,411 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in SharkNinja in the 2nd quarter worth approximately $513,000. Kingswood Wealth Advisors LLC bought a new stake in shares of SharkNinja in the 2nd quarter worth approximately $756,000. SG Americas Securities LLC increased its stake in shares of SharkNinja by 920.8% during the second quarter. SG Americas Securities LLC now owns 45,101 shares of the company’s stock valued at $3,389,000 after buying an additional 40,683 shares during the period. Finally, Dnca Finance purchased a new position in shares of SharkNinja during the second quarter valued at approximately $6,113,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analyst Ratings Changes

SN has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 25th. Oppenheimer began coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Guggenheim lifted their price objective on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Morgan Stanley upped their target price on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.39.

SharkNinja Price Performance

SN stock opened at $100.55 on Monday. 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 50 day moving average price of $103.78 and a 200-day moving average price of $89.77. SharkNinja, Inc. has a 52-week low of $45.35 and a 52-week high of $112.93. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 39.43, a PEG 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 return on equity of 32.55% and a net margin of 7.02%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business earned $0.95 earnings per share. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. Equities research analysts forecast that SharkNinja, Inc. will post 3.88 EPS 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.