SharkNinja, Inc. $SN Stock Position Increased by Aperture Investors LLC

Aperture Investors LLC grew its position in SharkNinja, Inc. (NYSE:SN) by 34.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 258,229 shares of the company’s stock after purchasing an additional 65,992 shares during the period. SharkNinja makes up 3.3% of Aperture Investors LLC’s holdings, making the stock its 3rd largest position. Aperture Investors LLC owned approximately 0.18% of SharkNinja worth $25,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC purchased a new stake in SharkNinja in the second quarter valued at approximately $1,374,000. Riposte Capital LLC lifted its stake in SharkNinja by 53.3% during the 2nd quarter. Riposte Capital LLC now owns 115,000 shares of the company’s stock valued at $11,384,000 after acquiring an additional 40,000 shares during the period. Greenvale Capital LLP boosted its holdings in shares of SharkNinja by 26.2% in the 2nd quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock valued at $133,636,000 after acquiring an additional 280,000 shares during the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in shares of SharkNinja in the 2nd quarter valued at $991,000. Finally, State Street Corp increased its stake in shares of SharkNinja by 2.8% in the second quarter. State Street Corp now owns 669,127 shares of the company’s stock worth $66,237,000 after acquiring an additional 17,953 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

NYSE:SN opened at $110.02 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The stock has a market capitalization of $15.53 billion, a PE ratio of 27.16, a P/E/G ratio of 1.98 and a beta of 1.46. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The company has a fifty day moving average of $93.96 and a two-hundred day moving average of $102.82.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SN shares. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Oppenheimer decreased their price objective on SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Morgan Stanley set a $110.00 target price on SharkNinja in a research note on Monday, October 27th. Finally, Weiss Ratings cut SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of $127.57.

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.