Riposte Capital LLC Raises Position in SharkNinja, Inc. (NYSE:SN)

Riposte Capital LLC increased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 15.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 115,000 shares of the company’s stock after purchasing an additional 15,000 shares during the period. SharkNinja comprises 2.2% of Riposte Capital LLC’s holdings, making the stock its 13th largest holding. Riposte Capital LLC’s holdings in SharkNinja were worth $11,196,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in shares of SharkNinja by 2.1% during the third quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc raised its stake in SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock worth $413,000 after acquiring an additional 219 shares during the last quarter. Avior Wealth Management LLC lifted its position in SharkNinja by 6.4% during the 4th quarter. Avior Wealth Management LLC now owns 5,139 shares of the company’s stock worth $500,000 after acquiring an additional 310 shares during the period. Assetmark Inc. grew its stake in SharkNinja by 6.5% during the 4th quarter. Assetmark Inc. now owns 5,166 shares of the company’s stock valued at $503,000 after purchasing an additional 316 shares during the last quarter. Finally, Xponance Inc. increased its holdings in shares of SharkNinja by 11.3% in the fourth quarter. Xponance Inc. now owns 4,053 shares of the company’s stock valued at $395,000 after purchasing an additional 411 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of NYSE SN opened at $87.95 on Monday. The company has a market capitalization of $12.31 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The company’s fifty day moving average price is $103.78 and its 200 day moving average price is $102.66. SharkNinja, Inc. has a 1 year low of $59.78 and a 1 year high of $123.00.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SN. Morgan Stanley lifted their target price on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Jefferies Financial Group upped their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group raised their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of $122.50.

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, 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.