Dynamic Technology Lab Private Ltd Takes Position in SharkNinja, Inc. $SN

Key Points

• Dynamic Technology Lab Private Ltd has acquired 20,420 shares of SharkNinja, Inc., valued at approximately $1.7 million, during the first quarter, highlighting growing institutional interest in the company.
• SharkNinja's latest earnings report exceeded expectations, posting $0.97 EPS and $1.44 billion in revenue, reflecting a 15.7% increase year-over-year.
• Analysts have a consensus rating of "Buy" for SharkNinja, with an average target price of $131.86, indicating strong confidence in the company's future performance.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 20,420 shares of the company's stock, valued at approximately $1,703,000.

A number of other hedge funds have also modified their holdings of the company. Greenvale Capital LLP bought a new stake in SharkNinja during the 4th quarter valued at approximately $73,020,000. Third Point LLC purchased a new stake in SharkNinja during the first quarter valued at $45,876,000. Jennison Associates LLC bought a new stake in SharkNinja during the first quarter worth approximately $21,336,000. Alua Capital Management LP lifted its position in SharkNinja by 21.8% in the first quarter. Alua Capital Management LP now owns 1,269,433 shares of the company's stock worth $105,883,000 after buying an additional 226,944 shares during the last quarter. Finally, Bwcp LP bought a new position in SharkNinja during the first quarter valued at $16,760,000. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised their target price on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. Oppenheimer raised their price objective on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Wall Street Zen cut SharkNinja from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $131.86.

SharkNinja Stock Down 0.2%

Shares of SN stock traded down $0.25 during trading hours on Thursday, reaching $115.79. 877,984 shares of the company's stock were exchanged, compared to its average volume of 1,632,627. The stock has a market cap of $16.34 billion, a PE ratio of 31.64, a PEG ratio of 2.19 and a beta of 1.68. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The stock's fifty day moving average price is $115.61 and its two-hundred day moving average price is $97.62. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. SharkNinja's revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts predict 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.