Trexquant Investment LP Makes New Investment in SharkNinja, Inc. $SN

Key Points

• Trexquant Investment LP acquired 54,676 shares of SharkNinja, Inc. valued at approximately $4.56 million, marking a significant investment in the company in the first quarter.
• SharkNinja reported quarterly earnings of $0.97 per share, exceeding analyst estimates, with a year-over-year revenue growth of 15.7%.
• The company's stock has received a consensus rating of "Buy" from analysts, with a reported average price target of $131.86.

Trexquant Investment LP purchased a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 54,676 shares of the company's stock, valued at approximately $4,561,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SN. Federated Hermes Inc. increased its stake in SharkNinja by 14.7% in the 1st quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company's stock worth $108,914,000 after acquiring an additional 167,757 shares during the last quarter. Greenvale Capital LLP purchased a new stake in SharkNinja in the 4th quarter worth approximately $73,020,000. Deutsche Bank AG lifted its holdings in SharkNinja by 50.6% in the 1st quarter. Deutsche Bank AG now owns 591,957 shares of the company's stock worth $49,375,000 after buying an additional 198,873 shares during the period. Wellington Management Group LLP lifted its holdings in SharkNinja by 47.1% in the 4th quarter. Wellington Management Group LLP now owns 549,768 shares of the company's stock worth $53,525,000 after buying an additional 175,978 shares during the period. Finally, Mawer Investment Management Ltd. raised its position in shares of SharkNinja by 11.0% in the 1st quarter. Mawer Investment Management Ltd. now owns 327,198 shares of the company's stock worth $27,292,000 after acquiring an additional 32,400 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Up 2.9%

SharkNinja stock traded up $3.42 during mid-day trading on Thursday, reaching $121.41. 1,369,760 shares of the company were exchanged, compared to its average volume of 1,649,634. The business has a fifty day moving average of $113.83 and a 200 day moving average of $97.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. The firm has a market cap of $17.14 billion, a P/E ratio of 33.17, a PEG ratio of 2.22 and a beta of 1.68. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $128.51.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SN. Morgan Stanley increased their target price on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Oppenheimer raised their price target on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Zacks Research raised SharkNinja from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, Guggenheim reissued a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $131.86.

SharkNinja 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.