Fund 1 Investments LLC Invests $2.97 Million in SharkNinja, Inc. $SN

by · The Cerbat Gem

Fund 1 Investments LLC acquired a new stake in SharkNinja, Inc. (NYSE:SN – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $2,970,000.

Other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in SharkNinja in the second quarter valued at about $43,000. SVB Wealth LLC acquired a new stake in shares of SharkNinja during the first quarter worth about $36,000. EverSource Wealth Advisors LLC lifted its holdings in shares of SharkNinja by 2,071.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock valued at $69,000 after purchasing an additional 663 shares in the last quarter. CWM LLC grew its position in shares of SharkNinja by 656.7% in the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock valued at $78,000 after purchasing an additional 683 shares during the period. Finally, Signaturefd LLC increased its stake in SharkNinja by 246.7% during the 2nd quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock worth $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.

SharkNinja Stock Performance

NYSE SN opened at $112.73 on Friday. The firm has a market capitalization of $15.91 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 2.07 and a beta of 1.46. 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 firm’s fifty day moving average price is $94.77 and its two-hundred day moving average price is $103.10. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. TD Cowen initiated coverage on SharkNinja in a research report on Wednesday. They set a “buy” rating and a $135.00 price target for the company. Canaccord Genuity Group increased their target price on shares of SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Morgan Stanley set a $110.00 target price on shares of SharkNinja in a research report on Monday, October 27th. Finally, Cowen began coverage on shares of SharkNinja in a research report on Wednesday. They set a “buy” rating on the stock. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average price target of $128.50.

Read Our Latest Report on SharkNinja

SharkNinja Profile

(Free Report)

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.

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