Boston Partners Sells 16,983 Shares of SharkNinja, Inc. $SN

Key Points

• Boston Partners reduced its holdings in SharkNinja, Inc. by 11.6%, with approximately 0.09% ownership, following the sale of nearly 17,000 shares in the first quarter.
• SharkNinja recently received several upgrades from analysts, with Goldman Sachs increasing its price target from $100 to $112, cautioning that the stock maintains a consensus rating of "Moderate Buy."
• In its latest quarterly earnings report, SharkNinja beat analysts' expectations with $1.44 billion in revenue and $0.97 earnings per share, representing substantial year-over-year growth.

Boston Partners cut its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 129,878 shares of the company's stock after selling 16,983 shares during the quarter. Boston Partners owned about 0.09% of SharkNinja worth $10,826,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of SharkNinja by 77.9% during 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. raised its holdings in shares of SharkNinja by 5,800.0% during the first quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after acquiring an additional 406 shares during the period. Quarry LP acquired a new stake in SharkNinja in the 4th quarter valued at $47,000. Continuum Advisory LLC increased its stake in SharkNinja by 6,875.0% in the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after buying an additional 550 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of SharkNinja by 96.0% during the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock worth $105,000 after purchasing an additional 616 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Price Performance

SN stock traded down $3.9090 during trading on Thursday, reaching $115.6810. 1,997,244 shares of the company were exchanged, compared to its average volume of 1,644,998. The company has a 50-day moving average of $108.22 and a two-hundred day moving average of $96.96. The company has a market capitalization of $16.32 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 2.34 and a beta of 1.69. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51. 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 announced its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the company posted $0.71 EPS. The company'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. As a group, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SN has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a report on Monday, June 30th. Oppenheimer boosted their price objective on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Wall Street Zen downgraded shares of SharkNinja from a "buy" rating to a "hold" rating in a report on Sunday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, SharkNinja presently has an average rating of "Moderate Buy" and a consensus target price 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.