Madison Avenue Partners LP recently announced the acquisition of new stake in SharkNinja Inc. (NYSE:SN). This fresh investment now brings its stake to 4.40% valued currently at $287.27 million. In addition, HighTower Advisors LLC raised its holdings by 4.96 million to 4.96 million shares.
With over 0.48 million SharkNinja Inc. (SN) shares trading Friday and a closing price of $51.17 on the day, the dollar volume was approximately $24.33 million. Currently, there are 138.98M common shares owned by the public and among those 57.83M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The top 3 mutual fund holders in SharkNinja Inc. are Bridge Builder Large Cap Value Fu, Fidelity Small Cap Growth Fund, and Fidelity Series Small Cap Opportu. Bridge Builder Large Cap Value Fu owns 0.98 million shares of the company’s stock, all valued at over $45.85 million. Fidelity Small Cap Growth Fund bought 0.44 million shares to see its total holdings expand to 0.74 million shares valued at over $34.68 million and representing 0.53% of the shares outstanding. Fidelity Series Small Cap Opportu bought 0.49 million shares to bring its total holdings to over 0.49 million shares at a value of $22.84 million. Fidelity Series Small Cap Opportu now owns shares totaling to 0.35% of the shares outstanding.
Shares of SharkNinja Inc. (NYSE: SN) opened at $51.32, down -$0.15 from a prior closing price of $51.47. However, the script later moved the day high at 52.21, down -0.58%. The company’s stock has a 5-day price change of 1.31% and 13.00% over the past three months. It has a 12-month low price of $25.24 and touched a high of $53.40 over the same period. SN has an average intraday trading volume of 916.04K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.15%, 12.65%, and 24.42% respectively.
Institutional ownership of SharkNinja Inc. (NYSE: SN) shares accounts for 32.21% of the company’s 138.98M shares outstanding. Mutual fund holders own 28.68%, while other institutional holders and individual stakeholders account for 3.54% and — respectively.
It has a market capitalization of $7.11B. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.59% over the week and 3.53% over the month.
Analysts forecast that SharkNinja Inc. (SN) will achieve an EPS of $0.85 for the current quarter, $0.88 for the next quarter and $3.32 for 2024. The lowest estimate earnings-per-share for the quarter is $0.84 while analysts give the company a high EPS estimate of $0.86.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate SharkNinja Inc. (SN) as a “Strong Buy” at a consensus score of 1.00. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SN, a number of firms have released research notes about the stock. Canaccord Genuity stated their Buy rating for the stock in a research note on November 28, 2023, with the firm’s price target at $61.
