Voss Capital LP raised its holdings in SharkNinja, Inc. (NYSE:SN – Free Report) by 75.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 958,952 shares of the company’s stock after buying an additional 411,452 shares during the quarter. SharkNinja accounts for about 5.1% of Voss Capital LP’s investment portfolio, making the stock its 10th largest position. Voss Capital LP owned about 0.68% of SharkNinja worth $107,307,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after buying an additional 126 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in SharkNinja in the 4th quarter valued at approximately $38,000. Sunbelt Securities Inc. acquired a new stake in SharkNinja in the 3rd quarter valued at approximately $46,000. Quarry LP acquired a new stake in SharkNinja in the 3rd quarter valued at approximately $59,000. Finally, GAMMA Investing LLC grew its holdings in SharkNinja by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.
SharkNinja Price Performance
SharkNinja stock opened at $133.73 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. The company has a market capitalization of $18.93 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.82 and a beta of 1.34. SharkNinja, Inc. has a one year low of $80.69 and a one year high of $138.00. The business has a 50 day simple moving average of $115.27 and a 200 day simple moving average of $114.78.
Insider Activity at SharkNinja
In related news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the transaction, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. This trade represents a 79.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 40.80% of the stock is owned by company insiders.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Canaccord Genuity Group lifted their price objective on SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Oppenheimer lifted their price objective on SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lifted their price objective on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.00.
Check Out Our Latest Research Report on SN
SharkNinja Company Profile
SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.
Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.
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