SharkNinja, Inc. $SN Stock Holdings Lifted by Boothbay Fund Management LLC

Key Points

• Boothbay Fund Management LLC increased its stake in SharkNinja, Inc. by 300.1%, acquiring 78,060 shares to hold a total of 104,068 shares worth approximately $8.68 million.
• SharkNinja's stock has seen positive sentiment, with Zacks Research upgrading its rating to "strong-buy" and various analysts raising their price targets significantly, with a consensus target of $131.86.
• The company reported earnings of $0.97 per share, exceeding expectations, with quarterly revenue of $1.44 billion, reflecting a 15.7% increase from the previous year.

Boothbay Fund Management LLC increased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 300.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,068 shares of the company's stock after purchasing an additional 78,060 shares during the period. Boothbay Fund Management LLC owned 0.07% of SharkNinja worth $8,680,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Harbour Investments Inc. grew its stake in SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after purchasing an additional 406 shares in the last quarter. SVB Wealth LLC acquired a new position in SharkNinja in the first quarter valued at approximately $36,000. Continuum Advisory LLC boosted its stake in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after acquiring an additional 550 shares during the period. Finally, Covestor Ltd boosted its stake in SharkNinja by 96.0% in the first quarter. Covestor Ltd now owns 1,258 shares of the company's stock valued at $105,000 after acquiring an additional 616 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Guggenheim restated a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their target price on SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Canaccord Genuity Group lifted their target price on SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. The Goldman Sachs Group lifted their target price on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Oppenheimer lifted their target price on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $131.86.

SharkNinja Stock Performance

Shares of NYSE SN traded down $3.97 during midday trading on Friday, hitting $117.25. 1,713,722 shares of the company's stock were exchanged, compared to its average volume of 1,478,173. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. The stock's 50 day moving average price is $114.79 and its 200-day moving average price is $97.39. The firm has a market cap of $16.55 billion, a P/E ratio of 32.03, a PEG ratio of 2.23 and a beta of 1.68. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data 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 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 period in the previous year, the firm posted $0.71 earnings per share. The business's 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 anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.