SharkNinja, Inc. $SN Shares Acquired by Bwcp LP

Bwcp LP lifted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 41.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,275 shares of the company’s stock after acquiring an additional 83,339 shares during the quarter. SharkNinja makes up 4.6% of Bwcp LP’s holdings, making the stock its 6th biggest holding. Bwcp LP owned about 0.20% of SharkNinja worth $28,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of SharkNinja during the 2nd quarter worth approximately $81,983,000. Third Point LLC raised its holdings in shares of SharkNinja by 118.2% in the second quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock valued at $118,788,000 after purchasing an additional 650,000 shares during the last quarter. Disciplined Growth Investors Inc. MN bought a new position in shares of SharkNinja during the 2nd quarter worth approximately $46,048,000. Voss Capital LP boosted its position in SharkNinja by 238.6% in the second quarter. Voss Capital LP now owns 575,626 shares of the company’s stock worth $56,981,000 after purchasing an additional 405,626 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in SharkNinja by 451.6% during the second quarter. Ameriprise Financial Inc. now owns 486,297 shares of the company’s stock valued at $48,139,000 after buying an additional 398,141 shares during the period. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Down 1.3%

NYSE:SN opened at $112.73 on Friday. The firm has a market cap of $15.91 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.07 and a beta of 1.46. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. 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 firm has a 50-day simple moving average of $94.77 and a two-hundred day simple moving average of $103.10.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SN. JPMorgan Chase & Co. decreased 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. 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 report on Tuesday, October 21st. Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley set a $110.00 price objective on SharkNinja in a research report on Monday, October 27th. Finally, Cowen began coverage on shares of SharkNinja in a research note on Wednesday. They issued a “buy” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $128.50.

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.