American Century Companies Inc. Has $490,000 Stake in SharkNinja, Inc. $SN

Key Points

• American Century Companies Inc. has drastically reduced its stake in SharkNinja, Inc. by 98%, selling 287,599 shares and now holding only 5,874 shares worth approximately $490,000.
• Several other hedge funds have also increased their positions in SharkNinja, with WCM Investment Management LLC leading with a 27.1% increase during the first quarter.
• Despite a 3.3% decline in stock price, SharkNinja reported earnings of $0.97 per share, beating expectations, and has a consensus rating of "Buy" with a target price of $131.86.

American Century Companies Inc. reduced its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 98.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,874 shares of the company's stock after selling 287,599 shares during the period. American Century Companies Inc.'s holdings in SharkNinja were worth $490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Forum Financial Management LP grew its stake in shares of SharkNinja by 5.3% in the first quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock valued at $240,000 after buying an additional 144 shares in the last quarter. GAMMA Investing LLC grew its stake in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Xponance Inc. grew its stake in SharkNinja by 5.4% during the 1st quarter. Xponance Inc. now owns 4,273 shares of the company's stock worth $356,000 after purchasing an additional 220 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in SharkNinja by 0.8% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company's stock worth $3,685,000 after purchasing an additional 296 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in SharkNinja by 2.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,948 shares of the company's stock worth $1,580,000 after purchasing an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

Shares of SN stock traded up $0.59 during midday trading on Wednesday, hitting $115.87. 314,662 shares of the company were exchanged, compared to its average volume of 1,634,231. The firm has a market capitalization of $16.35 billion, a P/E ratio of 31.66, a PEG ratio of 2.18 and a beta of 1.68. 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's 50 day moving average price is $115.42 and its two-hundred day moving average price is $97.50. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Canaccord Genuity Group upped their price objective on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a research note on Monday, June 30th. Zacks Research raised SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Guggenheim reaffirmed a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. raised their price objective on SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $131.86.

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.