19,747 Shares in SharkNinja, Inc. (NYSE:SN) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,747 shares of the company’s stock, valued at approximately $1,484,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SN. William Blair Investment Management LLC purchased a new position in shares of SharkNinja in the second quarter worth $190,482,000. Parsifal Capital Management LP raised its position in SharkNinja by 57.9% in the 4th quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock worth $162,304,000 after buying an additional 1,163,185 shares during the last quarter. Wolf Hill Capital Management LP raised its position in SharkNinja by 349.8% in the 4th quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock worth $69,047,000 after buying an additional 1,049,369 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in SharkNinja during the 1st quarter valued at about $62,309,000. Finally, Wellington Management Group LLP purchased a new stake in shares of SharkNinja during the 4th quarter valued at about $47,811,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Performance

NYSE:SN opened at $105.77 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. The stock has a 50-day simple moving average of $87.18 and a two-hundred day simple moving average of $75.06. The firm has a market capitalization of $14.80 billion, a PE ratio of 78.35, a P/E/G ratio of 1.52 and a beta of 0.76. SharkNinja, Inc. has a 52-week low of $38.69 and a 52-week high of $108.68.

SharkNinja (NYSE:SN) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm’s revenue was up 31.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS. Analysts forecast that SharkNinja, Inc. will post 3.89 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. 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 report on Monday, August 12th. China Renaissance began coverage on SharkNinja in a report on Wednesday, May 29th. They issued a “buy” rating for the company. Finally, Canaccord Genuity Group increased their target price on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.81.

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.