SharkNinja, Inc. $SN is Apis Capital Advisors LLC's 3rd Largest Position

Key Points

• Apis Capital Advisors LLC increased its position in SharkNinja, Inc. by 2.9%, now holding approximately $18.82 million in the company, which makes it the firm's third largest holding.
• SharkNinja reported earnings of $0.97 per share for the latest quarter, surpassing expectations, with revenues increasing by 15.7% year-over-year.
• Several analysts have raised their price targets for SharkNinja, with Oppenheimer increasing theirs to $135.00, indicating strong market confidence.

Apis Capital Advisors LLC raised its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,600 shares of the company's stock after acquiring an additional 6,400 shares during the quarter. SharkNinja makes up 9.1% of Apis Capital Advisors LLC's portfolio, making the stock its 3rd largest holding. Apis Capital Advisors LLC owned 0.16% of SharkNinja worth $18,817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Forum Financial Management LP lifted its stake in shares of SharkNinja by 5.3% during the 1st 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. Voya Investment Management LLC grew its stake 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 acquiring an additional 154 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the period. Xponance Inc. lifted its position in SharkNinja by 5.4% during the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after acquiring an additional 220 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV raised its holdings in shares of SharkNinja by 0.8% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Trading Up 1.0%

Shares of NYSE:SN traded up $1.13 during trading on Wednesday, hitting $117.84. The company had a trading volume of 1,218,304 shares, compared to its average volume of 1,591,801. The stock has a market cap of $16.63 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 2.22 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 has a fifty day simple moving average of $113.35 and a two-hundred day simple moving average of $97.22. 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 (NYSE:SN - Get Free Report) last issued its quarterly earnings results 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. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company's revenue for the quarter was up 15.7% on a year-over-year basis. 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 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on SN. Wall Street Zen lowered shares of SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Zacks Research upgraded shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 20th. Morgan Stanley upped their price target on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research note on Monday, June 30th. Finally, Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, SharkNinja currently has a consensus rating of "Buy" and a consensus price target 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.