SharkNinja, Inc. (NYSE:SN – Get Free Report) was the recipient of some unusual options trading on Monday. Stock investors bought 3,412 call options on the company. This represents an increase of approximately 449% compared to the average volume of 622 call options.
Hedge Funds Weigh In On SharkNinja
Several large investors have recently added to or reduced their stakes in SN. HighTower Advisors LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $229,844,000. FMR LLC bought a new stake in SharkNinja during the 3rd quarter worth approximately $99,595,000. Pertento Partners LLP grew its position in SharkNinja by 7.9% during the 4th quarter. Pertento Partners LLP now owns 997,791 shares of the company’s stock worth $51,057,000 after acquiring an additional 72,782 shares during the last quarter. 683 Capital Management LLC bought a new stake in SharkNinja during the 3rd quarter worth approximately $30,134,000. Finally, Norges Bank bought a new stake in SharkNinja during the 4th quarter worth approximately $30,841,000.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Canaccord Genuity Group assumed coverage on SharkNinja in a research report on Tuesday, November 28th. They issued a “buy” rating and a $61.00 price target for the company. Guggenheim assumed coverage on SharkNinja in a research report on Monday, February 5th. They issued a “buy” rating and a $60.00 price target for the company. Morgan Stanley assumed coverage on SharkNinja in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 price target for the company. The Goldman Sachs Group assumed coverage on SharkNinja in a research report on Wednesday, October 25th. They issued a “buy” rating and a $52.00 price target for the company. Finally, Canaccord Genuity Group assumed coverage on SharkNinja in a research report on Tuesday, November 28th. They issued a “buy” rating and a $61.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of 57.60.
SharkNinja Price Performance
Shares of NYSE SN traded up 1.34 during trading hours on Monday, hitting 52.36. 831,955 shares of the company’s stock were exchanged, compared to its average volume of 746,991. SharkNinja has a 1-year low of 25.84 and a 1-year high of 53.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.77. The firm has a 50-day moving average of 49.25.
SharkNinja (NYSE:SN – Get Free Report) last posted its quarterly earnings results on Thursday, November 9th. The company reported 0.95 EPS for the quarter, beating the consensus estimate of 0.81 by 0.14. The firm had revenue of 1.07 billion during the quarter, compared to analysts’ expectations of 1 billion. SharkNinja had a return on equity of 18.66% and a net margin of 4.05%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Research analysts anticipate that SharkNinja will post 3.14 EPS for the current year.
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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.
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