Connective Capital Management LLC Purchases Shares of 11,896 SharkNinja, Inc. $SN

Key Points

• Connective Capital Management LLC acquired 11,896 shares of SharkNinja, Inc., valued at approximately $992,000, making it the firm's 24th largest position.
• SharkNinja's earnings per share (EPS) for the latest quarter exceeded estimates at $0.97, with revenue also surpassing expectations at $1.44 billion.
• SharkNinja has received a mix of ratings from analysts, with one strong buy, six buys, and one hold, along with a consensus price target of $131.86.

Connective Capital Management LLC purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,896 shares of the company's stock, valued at approximately $992,000. SharkNinja accounts for approximately 0.9% of Connective Capital Management LLC's portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SN. GAMMA Investing LLC increased its position in 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 acquiring an additional 155 shares during the period. Harbour Investments Inc. raised its stake in 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 buying an additional 406 shares during the last quarter. SVB Wealth LLC bought a new position in SharkNinja during the first quarter worth $36,000. Quarry LP bought a new position in SharkNinja during the fourth quarter worth $47,000. Finally, Continuum Advisory LLC raised its stake in SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after buying an additional 550 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on SN. Wall Street Zen downgraded shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Oppenheimer lifted their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. One equities research 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 stock. Based on data from MarketBeat, SharkNinja presently has an average rating of "Buy" and a consensus price target of $131.86.

SharkNinja Stock Up 0.9%

Shares of NYSE SN opened at $116.8580 on Monday. The stock has a market capitalization of $16.49 billion, a P/E ratio of 31.93, a P/E/G ratio of 2.44 and a beta of 1.69. The company has a 50-day moving average price of $109.47 and a 200-day moving average price of $96.82. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year 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 issued its quarterly earnings data 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. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business's revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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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