SharkNinja, Inc. $SN Shares Purchased by Versor Investments LP

Versor Investments LP boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 386.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,921 shares of the company’s stock after purchasing an additional 15,028 shares during the period. SharkNinja makes up 0.4% of Versor Investments LP’s investment portfolio, making the stock its 29th largest holding. Versor Investments LP’s holdings in SharkNinja were worth $1,952,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Abrams Bison Investments LLC increased its position in SharkNinja by 20.3% in the 2nd quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock valued at $175,707,000 after acquiring an additional 300,000 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of SharkNinja by 14.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company’s stock valued at $139,056,000 after purchasing an additional 174,967 shares during the last quarter. Greenvale Capital LLP increased its holdings in shares of SharkNinja by 26.2% in the second quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock valued at $133,636,000 after purchasing an additional 280,000 shares during the period. Alliancebernstein L.P. raised its stake in shares of SharkNinja by 39.3% during the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after purchasing an additional 377,544 shares during the last quarter. Finally, Third Point LLC lifted its holdings in shares of SharkNinja by 118.2% during the second quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock worth $118,788,000 after purchasing an additional 650,000 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of NYSE:SN opened at $119.21 on Tuesday. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $129.19. The firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 1.49 and a beta of 1.41. The business’s 50 day simple moving average is $116.65 and its 200-day simple moving average is $108.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26.

Wall Street Analyst Weigh In

A number of brokerages have commented on SN. Morgan Stanley set a $110.00 price objective on shares of SharkNinja in a research report on Monday, October 27th. Oppenheimer raised their price objective on shares of SharkNinja from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, January 13th. Guggenheim lifted their price objective on SharkNinja from $120.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Bank of America raised their price target on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $137.67.

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.