Aubrey Capital Management Ltd Has $3.15 Million Stock Holdings in SharkNinja, Inc. $SN

Key Points

• Aubrey Capital Management Ltd has reduced its stake in SharkNinja, Inc. by 17%, holding now 31,800 shares valued at approximately $3.15 million.
• SharkNinja reported strong quarterly earnings, with EPS of $0.97 beating estimates and revenue increasing by 15.7% year-over-year, amounting to $1.44 billion.
• Several institutional investors have shown significant interest in SharkNinja, with WCM Investment Management LLC increasing its position by 159.7% to hold 575,867 shares worth $55.57 million.

Aubrey Capital Management Ltd decreased its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 17.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,800 shares of the company's stock after selling 6,500 shares during the quarter. SharkNinja makes up 1.1% of Aubrey Capital Management Ltd's holdings, making the stock its 29th biggest position. Aubrey Capital Management Ltd's holdings in SharkNinja were worth $3,148,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Third Point LLC bought a new position in SharkNinja during the 1st quarter worth $45,876,000. WCM Investment Management LLC increased its position in SharkNinja by 159.7% during the 2nd quarter. WCM Investment Management LLC now owns 575,867 shares of the company's stock worth $55,571,000 after buying an additional 354,101 shares during the period. Goldman Sachs Group Inc. increased its position in SharkNinja by 169.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company's stock worth $42,147,000 after buying an additional 317,730 shares during the period. Jennison Associates LLC bought a new position in SharkNinja during the 1st quarter worth $21,336,000. Finally, Voya Investment Management LLC increased its position in SharkNinja by 1,744.6% during the 1st quarter. Voya Investment Management LLC now owns 242,893 shares of the company's stock worth $20,260,000 after buying an additional 229,725 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Down 0.8%

SN stock opened at $94.06 on Friday. The company has a market cap of $13.28 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.80 and a beta of 1.56. The business has a 50-day simple moving average of $109.99 and a 200 day simple moving average of $99.49. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51. 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 results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.19. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. SharkNinja's revenue for the quarter was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SN shares. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. JPMorgan Chase & Co. lowered their price objective on SharkNinja from $136.00 to $131.00 and set an "overweight" rating on the stock in a research report on Friday, October 10th. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a research report on Monday, June 30th. Canaccord Genuity Group increased 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. Finally, Weiss Ratings downgraded SharkNinja from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $130.00.

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.

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