Archon Capital Management LLC Increases Stock Holdings in SharkNinja, Inc. $SN

Archon Capital Management LLC grew its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 20.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,600 shares of the company’s stock after purchasing an additional 8,500 shares during the quarter. SharkNinja comprises approximately 4.0% of Archon Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Archon Capital Management LLC’s holdings in SharkNinja were worth $4,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SN. Ethic Inc. bought a new stake in shares of SharkNinja during the second quarter valued at about $303,000. Analyst IMS Investment Management Services Ltd. boosted its position in shares of SharkNinja by 60.2% in the second quarter. Analyst IMS Investment Management Services Ltd. now owns 12,505 shares of the company’s stock valued at $1,238,000 after acquiring an additional 4,700 shares during the period. Strs Ohio grew its stake in SharkNinja by 1,439.4% during the second quarter. Strs Ohio now owns 191,974 shares of the company’s stock valued at $19,004,000 after acquiring an additional 179,503 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in SharkNinja by 504.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company’s stock valued at $209,000 after acquiring an additional 2,088 shares in the last quarter. Finally, Avalon Global Asset Management LLC bought a new stake in SharkNinja during the 1st quarter worth approximately $3,336,000. Institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SN. Morgan Stanley set a $110.00 price target on shares of SharkNinja in a report on Monday, October 27th. Oppenheimer dropped their price objective on SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Guggenheim restated a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Canaccord Genuity Group raised their price target on SharkNinja from $136.00 to $138.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Zacks Research downgraded SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and an average target price of $127.57.

SharkNinja Stock Down 1.0%

Shares of SN opened at $106.35 on Friday. The firm has a market cap of $15.01 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.95 and a beta of 1.46. The stock has a 50 day simple moving average of $93.71 and a two-hundred day simple moving average of $102.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51.

About SharkNinja

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.