GLOBALT Investments LLC GA Boosts Position in SharkNinja, Inc. $SN

Key Points

• GLOBALT Investments LLC GA increased its stake in SharkNinja, Inc. by 43.9% during the second quarter, owning 9,264 shares worth about $917,000.
• SharkNinja reported earnings of $0.97 per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 15.7% year-over-year to $1.44 billion.
• Wall Street analysts maintain a favorable outlook on SharkNinja, with an average rating of Moderate Buy and target price of $126.71.

GLOBALT Investments LLC GA grew its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 43.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,264 shares of the company's stock after purchasing an additional 2,824 shares during the period. GLOBALT Investments LLC GA's holdings in SharkNinja were worth $917,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC raised its stake in shares of SharkNinja by 27.1% during the first quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock valued at $18,633,000 after purchasing an additional 47,339 shares during the period. Encompass More Asset Management raised its stake in shares of SharkNinja by 39.3% during the first quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock valued at $654,000 after purchasing an additional 2,209 shares during the period. GAMMA Investing LLC raised its stake 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 purchasing an additional 155 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of SharkNinja by 504.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company's stock valued at $209,000 after purchasing an additional 2,088 shares during the period. Finally, Lisanti Capital Growth LLC purchased a new stake in shares of SharkNinja during the first quarter valued at approximately $350,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 0.2%

SN stock opened at $96.63 on Friday. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51. 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 company has a market capitalization of $13.64 billion, a P/E ratio of 26.40, a PEG ratio of 1.84 and a beta of 1.56. The firm has a 50 day simple moving average of $107.13 and a 200-day simple moving average of $100.30.

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, 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 analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm'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. On average, equities research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SN. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of SharkNinja in a research note on Friday. Oppenheimer decreased their price target on shares of SharkNinja from $135.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday. Wall Street Zen raised shares of SharkNinja from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research report on Monday, June 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $126.71.

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.

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