Adage Capital Partners GP L.L.C. Sells 75,100 Shares of SharkNinja, Inc. $SN

Adage Capital Partners GP L.L.C. trimmed its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 79.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,900 shares of the company's stock after selling 75,100 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in SharkNinja were worth $1,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings 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 in the last quarter. Deutsche Bank AG increased 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 acquiring an additional 198,873 shares in the last quarter. Wellington Management Group LLP increased 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 acquiring an additional 175,978 shares in the last quarter. Mawer Investment Management Ltd. increased its holdings in 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. Finally, GW&K Investment Management LLC increased its holdings in SharkNinja by 2.1% in the 1st quarter. GW&K Investment Management LLC now owns 270,180 shares of the company's stock worth $22,536,000 after acquiring an additional 5,630 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Oppenheimer increased their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Zacks Research upgraded SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Guggenheim restated a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. One equities 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $131.86.

SharkNinja Price Performance

Shares of NYSE SN traded down $1.55 during midday trading on Friday, reaching $113.99. 674,406 shares of the stock traded hands, compared to its average volume of 1,361,580. 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 stock has a market capitalization of $16.09 billion, a PE ratio of 31.15, a P/E/G ratio of 2.20 and a beta of 1.68. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $128.51. The company's 50 day moving average is $115.89 and its 200 day moving average is $97.72.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.19. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The company's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, equities research analysts anticipate 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.