Bosman Wealth Management LLC Cuts Stock Holdings in SharkNinja, Inc. $SN

Key Points

• Bosman Wealth Management LLC has reduced its shareholding in SharkNinja, Inc. by 52.0% in Q2, now owning 24,125 shares valued at approximately $2.39 million.
• The company reported a 15.7% increase in quarterly revenue year-over-year, with an earnings per share (EPS) of $0.97, exceeding analysts' expectations.
• Several hedge funds, including Forum Financial Management LP and GAMMA Investing LLC, have recently modified their positions in SharkNinja, reflecting varied investment strategies among institutional investors.

Bosman Wealth Management LLC decreased its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 52.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,125 shares of the company's stock after selling 26,099 shares during the quarter. SharkNinja accounts for approximately 2.1% of Bosman Wealth Management LLC's portfolio, making the stock its 21st largest position. Bosman Wealth Management LLC's holdings in SharkNinja were worth $2,388,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Forum Financial Management LP lifted its position 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 during the last quarter. GAMMA Investing LLC raised its holdings in shares of SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares in the last quarter. Xponance Inc. grew its stake in SharkNinja by 5.4% in the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock worth $356,000 after purchasing an additional 220 shares during the period. Envestnet Asset Management Inc. grew its stake in SharkNinja by 2.1% in the first quarter. Envestnet Asset Management Inc. now owns 18,948 shares of the company's stock worth $1,580,000 after purchasing an additional 396 shares during the period. Finally, 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 during the period. Institutional investors own 34.77% of the company's stock.

SharkNinja Price Performance

NYSE:SN opened at $106.07 on Tuesday. The firm has a market capitalization of $14.97 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 2.01 and a beta of 1.68. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51. The business has a 50 day simple moving average of $115.86 and a 200-day simple moving average of $99.09. 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 (EPS) for the quarter, topping 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 firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $0.71 EPS. SharkNinja's quarterly revenue was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Zacks Research raised SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. Oppenheimer increased their target price on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Guggenheim reaffirmed a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. Finally, Wall Street Zen raised SharkNinja from a "hold" rating to a "buy" rating in a research note on Friday. One 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 stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $131.86.

SharkNinja 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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