29,388 Shares in SharkNinja, Inc. $SN Acquired by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. has acquired 29,388 shares of SharkNinja, Inc. valued at approximately $2.45 million in the first quarter.
• SharkNinja recently reported earnings of $0.97 per share, surpassing analysts' expectations, with quarterly revenues increasing by 15.7% year over year.
• Analysts have a diverse outlook on SharkNinja, with one rating it as a Strong Buy and others setting price targets ranging from $101 to $175.

Capital Fund Management S.A. purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,388 shares of the company's stock, valued at approximately $2,451,000.

A number of other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after purchasing an additional 155 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after buying an additional 406 shares during the period. Quarry LP acquired a new position in SharkNinja during the 4th quarter valued at about $47,000. Continuum Advisory LLC boosted its stake in SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of SharkNinja by 96.0% in the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock worth $105,000 after buying an additional 616 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

SN traded down $3.90 during trading on Thursday, hitting $116.39. The company's stock had a trading volume of 2,790,235 shares, compared to its average volume of 1,658,961. The firm has a market cap of $16.43 billion, a PE ratio of 31.80, a P/E/G ratio of 2.25 and a beta of 1.69. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $128.51. The business's 50 day simple moving average is $111.32 and its 200-day simple moving average is $97.14. 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 announced its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $0.71 EPS. 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. As a group, sell-side analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Canaccord Genuity Group upped their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Zacks Research upgraded shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Oppenheimer upped their price objective on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average 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.