Scientech Research LLC Acquires New Holdings in SharkNinja, Inc. (NYSE:SN)

Scientech Research LLC bought a new position in shares of SharkNinja, Inc. (NYSE:SN) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,279 shares of the company’s stock, valued at approximately $848,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Perpetual Ltd increased its stake in shares of SharkNinja by 3.6% in the first quarter. Perpetual Ltd now owns 317,960 shares of the company’s stock valued at $19,806,000 after buying an additional 11,112 shares during the period. Commonwealth Equity Services LLC acquired a new position in SharkNinja in the 1st quarter valued at approximately $981,000. GSA Capital Partners LLP bought a new position in shares of SharkNinja during the first quarter valued at $1,076,000. Capstone Investment Advisors LLC raised its stake in shares of SharkNinja by 275.5% during the first quarter. Capstone Investment Advisors LLC now owns 92,772 shares of the company’s stock valued at $5,779,000 after acquiring an additional 68,069 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of SharkNinja during the fourth quarter worth $47,811,000. Institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SN. Canaccord Genuity Group increased their price objective on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group increased their price target on SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted their price objective on SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Bank of America increased their target price on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.81.

SharkNinja Price Performance

Shares of SN opened at $106.00 on Friday. The firm has a market cap of $14.83 billion, a PE ratio of 78.52, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76. SharkNinja, Inc. has a 52-week low of $38.69 and a 52-week high of $108.68. The business’s 50 day moving average price is $90.51 and its two-hundred day moving average price is $76.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. SharkNinja’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. On average, equities analysts anticipate that SharkNinja, Inc. will post 3.89 EPS for the current year.

About SharkNinja

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.