70,000 Shares in SharkNinja, Inc. $SN Acquired by 683 Capital Management LLC

683 Capital Management LLC purchased a new position in SharkNinja, Inc. (NYSE:SN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 70,000 shares of the company’s stock, valued at approximately $6,929,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in shares of SharkNinja during the second quarter worth $43,000. SVB Wealth LLC purchased a new stake in SharkNinja in the 1st quarter worth $36,000. EverSource Wealth Advisors LLC boosted its holdings in shares of SharkNinja by 2,071.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock valued at $69,000 after purchasing an additional 663 shares during the last quarter. CWM LLC grew its position in shares of SharkNinja by 656.7% during the second quarter. CWM LLC now owns 787 shares of the company’s stock valued at $78,000 after purchasing an additional 683 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of SharkNinja by 246.7% during the second quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock valued at $119,000 after purchasing an additional 856 shares in the last quarter. Institutional investors own 34.77% of the company’s stock.

Analyst Ratings Changes

SN has been the topic of a number of research analyst reports. TD Cowen began coverage on SharkNinja in a research report on Wednesday. They issued a “buy” rating and a $135.00 target price on the stock. Morgan Stanley set a $110.00 price objective on SharkNinja in a research note on Monday, October 27th. JPMorgan Chase & Co. lowered their target price on SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Cowen began coverage on shares of SharkNinja in a report on Wednesday. They issued a “buy” rating for the company. Finally, Oppenheimer decreased their price target on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.50.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $112.73 on Friday. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.46. 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 50 day moving average price of $94.77 and a 200-day moving average price of $103.10. SharkNinja, Inc. has a one year low of $60.50 and a one 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.