Anson Funds Management LP Has $19.72 Million Stake in SharkNinja, Inc. $SN

Key Points

• Anson Funds Management LP significantly increased its stake in SharkNinja, Inc. by 491.1%, holding $19.72 million in the company, which now represents 3.0% of their total holdings.
• Analysts have mixed views on SharkNinja, with one firm downgrading it to a "hold," while others have set price targets as high as $144.00, reflecting an average target price of $131.86.
• SharkNinja reported strong earnings of $0.97 per share, surpassing expectations, with a 15.7% increase in revenue year-over-year to $1.44 billion.

Anson Funds Management LP boosted its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 491.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 236,433 shares of the company's stock after acquiring an additional 196,433 shares during the quarter. SharkNinja accounts for 3.0% of Anson Funds Management LP's portfolio, making the stock its 10th biggest holding. Anson Funds Management LP owned 0.17% of SharkNinja worth $19,721,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Palestra Capital Management LLC increased its position in SharkNinja by 83.4% in the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after buying an additional 809,960 shares in the last quarter. Federated Hermes Inc. increased its position in SharkNinja by 14.7% in the first quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company's stock worth $108,914,000 after buying an additional 167,757 shares in the last quarter. Alua Capital Management LP increased its position in SharkNinja by 17.5% in the fourth quarter. Alua Capital Management LP now owns 1,042,489 shares of the company's stock worth $101,497,000 after buying an additional 155,605 shares in the last quarter. Greenvale Capital LLP purchased a new stake in SharkNinja in the fourth quarter worth about $73,020,000. Finally, Deutsche Bank AG increased its position in SharkNinja by 50.6% in the first 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 in the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Oppenheimer upped their price target on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Morgan Stanley upped their price objective on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their price objective 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 lowered SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Zacks Research raised SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, SharkNinja presently has a consensus rating of "Buy" and a consensus target price of $131.86.

SharkNinja Price Performance

SharkNinja stock traded down $3.90 during midday trading on Thursday, reaching $116.39. 2,790,134 shares of the stock traded hands, compared to its average volume of 1,658,371. The stock's fifty day moving average is $111.32 and its 200-day moving average is $97.14. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51. The stock has a market cap of $16.43 billion, a P/E ratio of 31.80, a PEG ratio of 2.25 and a beta of 1.69. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.19. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the company earned $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 EPS for the current year.

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.