Divisadero Street Capital Management LP Acquires 324,799 Shares of SharkNinja, Inc. $SN

Divisadero Street Capital Management LP increased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 203.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484,408 shares of the company’s stock after purchasing an additional 324,799 shares during the period. SharkNinja makes up 3.1% of Divisadero Street Capital Management LP’s portfolio, making the stock its 10th biggest position. Divisadero Street Capital Management LP owned approximately 0.34% of SharkNinja worth $47,952,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SN. Westfield Capital Management Co. LP raised its holdings in SharkNinja by 14.2% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company’s stock worth $139,056,000 after buying an additional 174,967 shares during the period. Alua Capital Management LP increased its position in shares of SharkNinja by 21.8% during the first quarter. Alua Capital Management LP now owns 1,269,433 shares of the company’s stock worth $105,883,000 after acquiring an additional 226,944 shares in the last quarter. Norges Bank bought a new stake in shares of SharkNinja during the second quarter worth $81,983,000. Deutsche Bank AG raised its holdings in shares of SharkNinja by 50.6% during the first quarter. Deutsche Bank AG now owns 591,957 shares of the company’s stock worth $49,375,000 after acquiring an additional 198,873 shares during the period. Finally, WCM Investment Management LLC lifted its position in SharkNinja by 159.7% in the 2nd quarter. WCM Investment Management LLC now owns 575,867 shares of the company’s stock valued at $55,571,000 after acquiring an additional 354,101 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Trading Up 1.7%

SharkNinja stock opened at $108.18 on Monday. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 1.96 and a beta of 1.46. The firm has a 50-day moving average of $93.76 and a 200-day moving average of $102.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $128.51.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their target price on SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Morgan Stanley set a $110.00 price objective on SharkNinja in a research report on Monday, October 27th. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research lowered SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Oppenheimer cut their target price on SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $127.57.

SharkNinja 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.