City Center Advisors LLC Makes New Investment in SharkNinja, Inc. (NYSE:SN)

City Center Advisors LLC acquired a new position in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,242 shares of the company’s stock, valued at approximately $316,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC grew its holdings in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of SharkNinja during the third quarter worth $54,000. Safe Harbor Fiduciary LLC purchased a new position in SharkNinja during the third quarter valued at $54,000. Waldron Private Wealth LLC bought a new stake in SharkNinja in the 3rd quarter valued at $65,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in SharkNinja in the 3rd quarter worth $163,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Trading Up 5.5 %

SN stock opened at $107.89 on Monday. SharkNinja, Inc. has a twelve month low of $45.85 and a twelve month high of $112.93. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 42.31, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $99.29 and its two-hundred day simple moving average is $94.55.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. As a group, analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SN shares. Canaccord Genuity Group raised their price objective on SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Jefferies Financial Group upped their price objective on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley raised their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Oppenheimer began coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and a consensus target price of $116.50.

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.