Exchange Traded Concepts LLC Invests $616,000 in SharkNinja, Inc. $SN

Exchange Traded Concepts LLC bought a new stake in SharkNinja, Inc. (NYSE:SN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,969 shares of the company’s stock, valued at approximately $616,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in SharkNinja in the 2nd quarter valued at about $43,000. EverSource Wealth Advisors LLC lifted its position 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 worth $69,000 after purchasing an additional 663 shares in the last quarter. CWM LLC lifted its position in shares of SharkNinja by 656.7% during the second quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after purchasing an additional 683 shares in the last quarter. Quarry LP grew its stake in shares of SharkNinja by 165.3% during the first quarter. Quarry LP now owns 1,268 shares of the company’s stock valued at $106,000 after purchasing an additional 790 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of SharkNinja by 246.7% in the second quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock valued at $119,000 after purchasing an additional 856 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SN. Guggenheim upped their price objective on SharkNinja from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Cantor Fitzgerald restated an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. Morgan Stanley set a $110.00 price target on SharkNinja in a research note on Monday, October 27th. Cowen assumed coverage on SharkNinja in a research report on Wednesday, December 10th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. dropped their price objective on SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and an average target price of $133.25.

SharkNinja Trading Down 0.6%

NYSE SN opened at $113.34 on Tuesday. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51. The stock has a 50-day simple moving average of $99.60 and a 200 day simple moving average of $105.10. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $16.00 billion, a PE ratio of 27.98, a P/E/G ratio of 2.06 and a beta of 1.46.

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.