JW Asset Management LLC Makes New Investment in SharkNinja, Inc. $SN

JW Asset Management LLC acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,000 shares of the company’s stock, valued at approximately $4,683,000. SharkNinja accounts for 1.9% of JW Asset Management LLC’s portfolio, making the stock its 7th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in shares of SharkNinja in the 2nd quarter valued at $30,000. IFP Advisors Inc grew its holdings in shares of SharkNinja by 108.2% in the 3rd quarter. IFP Advisors Inc now owns 177 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares during the last quarter. Richardson Financial Services Inc. increased its position in shares of SharkNinja by 36.3% during the 3rd quarter. Richardson Financial Services Inc. now owns 199 shares of the company’s stock worth $36,000 after purchasing an additional 53 shares in the last quarter. Latitude Advisors LLC acquired a new stake in shares of SharkNinja during the 3rd quarter worth about $37,000. Finally, Timbuktu Capital Management LLC bought a new position in SharkNinja during the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of SharkNinja from $205.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, October 27th. UBS Group reaffirmed a “buy” rating and set a $219.10 price objective on shares of SharkNinja in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of SharkNinja from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 target price on shares of SharkNinja in a research note on Wednesday, November 4th. Finally, Canaccord Genuity Group boosted their target price on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, SharkNinja currently has an average rating of “Buy” and an average target price of $211.39.

SharkNinja Stock Down 2.9%

NYSE SN opened at $220.43 on Friday. The stock has a market capitalization of $31.06 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 2.50 and a beta of 1.21. SharkNinja, Inc. has a 52 week low of $83.21 and a 52 week high of $232.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.04. The stock has a fifty day moving average of $189.44 and a 200-day moving average of $147.06.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.44. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. SharkNinja had a return on equity of 28.84% and a net margin of 11.64%. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 earnings per share. On average, equities research analysts forecast that SharkNinja, Inc. will post 5.88 EPS for the current year.

Insiders Place Their Bets

In other SharkNinja news, insider Neil Shah sold 40,000 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $223.45, for a total transaction of $8,938,000.00. Following the completion of the sale, the insider directly owned 457,220 shares of the company’s stock, valued at approximately $102,165,809. The trade was a 8.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 40.80% of the company’s stock.

SharkNinja Company Profile

SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels. The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.