12 West Capital Management LP Takes Position in SharkNinja, Inc. $SN

12 West Capital Management LP bought a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 75,000 shares of the company's stock, valued at approximately $6,256,000. SharkNinja comprises approximately 0.9% of 12 West Capital Management LP's portfolio, making the stock its 16th biggest position. 12 West Capital Management LP owned approximately 0.05% of SharkNinja as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC lifted its stake in shares of SharkNinja by 27.1% during the 1st quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock valued at $18,633,000 after buying an additional 47,339 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of SharkNinja during the 1st quarter valued at approximately $350,000. World Investment Advisors purchased a new stake in shares of SharkNinja during the 1st quarter valued at approximately $268,000. Finally, SG Americas Securities LLC lifted its stake in shares of SharkNinja by 270.4% during the 1st quarter. SG Americas Securities LLC now owns 6,489 shares of the company's stock valued at $541,000 after buying an additional 4,737 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SN. Morgan Stanley upped their price target on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Wall Street Zen cut shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Canaccord Genuity Group increased their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $131.86.

SharkNinja Price Performance

Shares of NYSE:SN traded down $3.97 during trading on Friday, reaching $117.25. The company had a trading volume of 1,713,722 shares, compared to its average volume of 1,478,173. The company has a fifty day moving average of $114.79 and a two-hundred day moving average of $97.49. The stock has a market capitalization of $16.55 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 2.30 and a beta of 1.68. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned $0.71 EPS. The firm's quarterly revenue was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

About SharkNinja

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.