83,974 Shares in SharkNinja, Inc. $SN Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new position in SharkNinja, Inc. (NYSE:SN - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 83,974 shares of the company's stock, valued at approximately $8,335,000. Allspring Global Investments Holdings LLC owned approximately 0.06% of SharkNinja as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SN. GAMMA Investing LLC lifted its holdings in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after purchasing an additional 155 shares in the last quarter. Harbour Investments Inc. lifted its holdings in SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after purchasing an additional 406 shares in the last quarter. SVB Wealth LLC purchased a new position in SharkNinja in the 1st quarter valued at about $36,000. CWM LLC lifted its holdings in 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 in the last quarter. Finally, Covestor Ltd lifted its holdings in SharkNinja by 96.0% in the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock valued at $105,000 after purchasing an additional 616 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Trading Up 0.1%

Shares of SN stock opened at $94.03 on Monday. The firm has a market cap of $13.27 billion, a P/E ratio of 25.69, a PEG ratio of 1.79 and a beta of 1.56. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. The firm's 50-day simple moving average is $109.54 and its 200-day simple moving average is $99.85.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SN shares. Guggenheim restated a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a report on Monday, June 30th. Zacks Research lowered shares of SharkNinja from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. Oppenheimer upped their target price on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Wall Street Zen lowered shares of SharkNinja from a "buy" rating to a "hold" rating in a report on Saturday, October 11th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $130.00.

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.

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