GAMMA Investing LLC Has $2.46 Million Stock Holdings in SharkNinja, Inc. (NYSE:SN)

GAMMA Investing LLC boosted its stake in SharkNinja, Inc. (NYSE:SN) by 14,737.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 29,527 shares of the company’s stock after buying an additional 29,328 shares during the period. GAMMA Investing LLC’s holdings in SharkNinja were worth $2,463,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SN. Rhumbline Advisers grew its stake in SharkNinja by 0.7% in the 4th quarter. Rhumbline Advisers now owns 67,130 shares of the company’s stock valued at $6,536,000 after buying an additional 481 shares during the last quarter. Peregrine Investment Management Inc. acquired a new position in SharkNinja in the 4th quarter valued at about $6,375,000. Baillie Gifford & Co. grew its stake in SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock valued at $236,603,000 after buying an additional 604,559 shares during the last quarter. CIBC Asset Management Inc grew its stake in SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock valued at $413,000 after buying an additional 219 shares during the last quarter. Finally, GAM Holding AG grew its stake in SharkNinja by 14.4% in the 4th quarter. GAM Holding AG now owns 114,479 shares of the company’s stock valued at $11,146,000 after buying an additional 14,403 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SN. Oppenheimer upped their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, May 9th. Jefferies Financial Group increased their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley increased their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Canaccord Genuity Group increased their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.50.

SharkNinja Trading Down 1.9%

Shares of SN stock opened at $87.90 on Friday. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The company has a 50-day simple moving average of $85.75 and a two-hundred day simple moving average of $94.94. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.35 and a beta of 1.70.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.14. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share. Research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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.