Aigen Investment Management LP Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Aigen Investment Management LP acquired a new stake in SharkNinja, Inc. (NYSE:SN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,055 shares of the company’s stock, valued at approximately $550,000.

Several other institutional investors have also modified their holdings of the company. abrdn plc increased its holdings in SharkNinja by 17.8% in the third quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after buying an additional 63,299 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of SharkNinja in the 3rd quarter valued at about $11,942,000. Harbor Capital Advisors Inc. raised its position in shares of SharkNinja by 1,218.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 89,967 shares of the company’s stock worth $9,780,000 after acquiring an additional 83,141 shares in the last quarter. NBC Securities Inc. lifted its stake in SharkNinja by 4,000.0% during the third quarter. NBC Securities Inc. now owns 6,150 shares of the company’s stock worth $668,000 after purchasing an additional 6,000 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in SharkNinja in the third quarter valued at approximately $23,874,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

SharkNinja stock opened at $102.07 on Thursday. The business has a 50 day simple moving average of $104.11 and a 200-day simple moving average of $86.86. SharkNinja, Inc. has a 12 month low of $42.74 and a 12 month high of $112.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The stock has a market capitalization of $14.28 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 1.68 and a beta of 1.04.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 EPS. Equities analysts predict that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SN. Oppenheimer assumed coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective on the stock. Morgan Stanley lifted their price target on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Bank of America upped their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Canaccord Genuity Group boosted their target price on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Guggenheim raised their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.85.

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.