Aurora Investment Counsel Invests $1.37 Million in SharkNinja, Inc. $SN

Key Points

• Aurora Investment Counsel has invested approximately $1.37 million in SharkNinja, purchasing 13,800 shares during the second quarter.
• SharkNinja recently exceeded earnings expectations, reporting $0.97 EPS and revenue of $1.44 billion for the quarter, a 15.7% year-over-year increase.
• After a recent downgrade from Wall Street Zen, SharkNinja holds a consensus rating of "Moderate Buy" with a price target of $130.00 according to several analysts.

Aurora Investment Counsel bought a new position in SharkNinja, Inc. (NYSE:SN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,800 shares of the company's stock, valued at approximately $1,366,000.

Several other hedge funds have also recently modified their holdings of SN. Third Point LLC purchased a new position in shares of SharkNinja in the first quarter worth $45,876,000. WCM Investment Management LLC raised its stake in SharkNinja by 159.7% during the second quarter. WCM Investment Management LLC now owns 575,867 shares of the company's stock valued at $55,571,000 after purchasing an additional 354,101 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company's stock valued at $42,147,000 after purchasing an additional 317,730 shares in the last quarter. Jennison Associates LLC purchased a new stake in SharkNinja during the first quarter valued at $21,336,000. Finally, Voya Investment Management LLC raised its stake in SharkNinja by 1,744.6% during the first quarter. Voya Investment Management LLC now owns 242,893 shares of the company's stock valued at $20,260,000 after purchasing an additional 229,725 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Trading Down 1.1%

NYSE SN opened at $92.91 on Tuesday. The company's 50-day moving average price is $109.10 and its 200-day moving average price is $100.01. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The stock has a market cap of $13.11 billion, a PE ratio of 25.38, a PEG ratio of 1.79 and a beta of 1.56. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SN. Wall Street Zen downgraded shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Saturday, October 11th. Canaccord Genuity Group upped their price target on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $136.00 to $131.00 and set an "overweight" rating on the stock in a research note on Friday, October 10th. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Finally, Weiss Ratings downgraded shares of SharkNinja from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.00.

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.

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