Black Swift Group LLC Makes New $2.08 Million Investment in SharkNinja, Inc. $SN

Black Swift Group LLC bought a new position in SharkNinja, Inc. (NYSE:SN) during the 2nd quarter, Holdings Channel.com reports. The firm bought 21,000 shares of the company’s stock, valued at approximately $2,079,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after purchasing an additional 155 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 406 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of SharkNinja in the second quarter worth approximately $43,000. SVB Wealth LLC bought a new position in shares of SharkNinja in the first quarter worth approximately $36,000. Finally, CWM LLC grew its holdings in shares of SharkNinja by 656.7% in the second quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after purchasing an additional 683 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

NYSE:SN opened at $86.39 on Thursday. The stock has a market cap of $12.19 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.61 and a beta of 1.51. The firm’s fifty day simple moving average is $102.61 and its 200 day simple moving average is $101.55. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.19. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. As a group, research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SN shares. Canaccord Genuity Group raised their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Oppenheimer cut their target price on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings cut shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Zacks Research cut shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

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.