Kennedy Capital Management LLC Invests $11.84 Million in SharkNinja, Inc. $SN

Kennedy Capital Management LLC bought a new position in shares of SharkNinja, Inc. (NYSE:SN) in the second quarter, HoldingsChannel reports. The fund bought 119,593 shares of the company’s stock, valued at approximately $11,839,000.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Oppenheimer cut their target price on SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Canaccord Genuity Group raised their target price on shares of SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings cut shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.57.

SharkNinja Stock Down 1.0%

SharkNinja stock opened at $106.35 on Friday. The stock has a 50 day moving average of $93.71 and a two-hundred day moving average of $102.51. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.95 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.

SharkNinja Company 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.