SharkNinja, Inc. $SN is Archon Capital Management LLC’s 8th Largest Position

Archon Capital Management LLC grew its stake in shares of SharkNinja, Inc. (NYSE:SN) by 20.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,600 shares of the company’s stock after buying an additional 8,500 shares during the quarter. SharkNinja accounts for approximately 4.0% of Archon Capital Management LLC’s portfolio, making the stock its 8th largest holding. Archon Capital Management LLC’s holdings in SharkNinja were worth $4,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Harbour Investments Inc. boosted its holdings in SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock valued at $34,000 after acquiring an additional 406 shares during the period. SVB Wealth LLC bought a new stake in SharkNinja in the first quarter valued at approximately $36,000. New York State Teachers Retirement System purchased a new stake in shares of SharkNinja during the second quarter valued at approximately $43,000. EverSource Wealth Advisors LLC boosted its stake in shares of SharkNinja by 2,071.9% during the second quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock valued at $69,000 after purchasing an additional 663 shares during the period. Finally, CWM LLC grew its holdings in shares of SharkNinja by 656.7% in the second quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after purchasing an additional 683 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Down 1.0%

Shares of NYSE:SN opened at $106.35 on Friday. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51. The firm has a market capitalization of $15.01 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.95 and a beta of 1.46. The stock has a 50 day moving average price of $93.71 and a 200-day moving average price of $102.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SN. Weiss Ratings lowered shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Zacks Research cut SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Guggenheim restated a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.57.

About SharkNinja

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.