Healthcare of Ontario Pension Plan Trust Fund Invests $9.52 Million in SharkNinja, Inc. (NYSE:SN)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in SharkNinja, Inc. (NYSE:SN) during the 2nd quarter, Holdings Channel reports. The fund bought 126,700 shares of the company’s stock, valued at approximately $9,522,000.

Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC bought a new position in SharkNinja in the 4th quarter worth $37,000. Headlands Technologies LLC purchased a new position in shares of SharkNinja during the first quarter valued at about $66,000. Picton Mahoney Asset Management bought a new position in SharkNinja in the second quarter worth about $70,000. Kessler Investment Group LLC purchased a new stake in SharkNinja in the second quarter worth about $125,000. Finally, Essex LLC purchased a new stake in SharkNinja in the first quarter worth about $204,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of NYSE SN opened at $109.76 on Friday. The firm has a market cap of $15.36 billion, a P/E ratio of 81.30, a PEG ratio of 1.55 and a beta of 0.77. SharkNinja, Inc. has a twelve month low of $38.69 and a twelve month high of $110.96. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $94.18 and a 200 day moving average of $78.56.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 31.4% on a year-over-year basis. As a group, research analysts expect that SharkNinja, Inc. will post 3.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SN. JPMorgan Chase & Co. upped their target price on SharkNinja from $97.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Oppenheimer initiated coverage on SharkNinja in a report on Tuesday. They issued an “outperform” rating and a $120.00 price objective for the company. The Goldman Sachs Group boosted their target price on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a report on Monday, August 12th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Bank of America lifted their price target 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 analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.28.

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.