Aperture Investors LLC Lowers Holdings in SharkNinja, Inc. $SN

Key Points

• Aperture Investors LLC has reduced its stake in SharkNinja, Inc. by 26.9% during the first quarter, selling 70,840 shares, and now holds approximately 2.0% of the company's stock.
• SharkNinja received numerous analyst upgrades, with target prices set between $135.00 and $175.00, reflecting a consensus rating of "Buy" and a target price of $131.86.
• Despite a drop of 3.2% in share price, SharkNinja reported better-than-expected quarterly earnings with an EPS of $0.97, surpassing the consensus estimate by $0.19.

Aperture Investors LLC lessened its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,237 shares of the company's stock after selling 70,840 shares during the quarter. SharkNinja accounts for approximately 2.0% of Aperture Investors LLC's holdings, making the stock its 18th biggest position. Aperture Investors LLC owned approximately 0.14% of SharkNinja worth $16,034,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Forum Financial Management LP increased its holdings in SharkNinja by 5.3% in the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock worth $240,000 after buying an additional 144 shares in the last quarter. Voya Investment Management LLC increased its holdings in SharkNinja by 1.2% in the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock worth $1,282,000 after buying an additional 154 shares in the last quarter. GAMMA Investing LLC increased its holdings in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after buying an additional 155 shares in the last quarter. Xponance Inc. increased its holdings in SharkNinja by 5.4% in the 1st quarter. Xponance Inc. now owns 4,273 shares of the company's stock worth $356,000 after buying an additional 220 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its holdings in SharkNinja by 0.8% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company's stock worth $3,685,000 after buying an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

Shares of NYSE:SN traded down $0.08 during mid-day trading on Tuesday, reaching $116.88. 1,225,163 shares of the company traded hands, compared to its average volume of 1,653,098. The company's 50 day moving average price is $112.90 and its 200-day moving average price is $97.08. The firm has a market cap of $16.50 billion, a PE ratio of 31.93, a PEG ratio of 2.22 and a beta of 1.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. 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 quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.19. The company 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 firm's revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, equities analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SN shares. Zacks Research upgraded SharkNinja from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 20th. Morgan Stanley boosted their price target on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research note on Monday, June 30th. JPMorgan Chase & Co. boosted their price target on SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Oppenheimer boosted their price target on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from 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.