Invesco Ltd. Decreases Position in SharkNinja, Inc. $SN

Key Points

• Invesco Ltd. has significantly reduced its stake in SharkNinja, Inc. by 75.8%, now owning 114,327 shares worth approximately $9.5 million as of their latest SEC filing.
• Several other institutional investors have increased their positions in SharkNinja, with Palestra Capital Management boosting their stake by 83.4% and First Trust Advisors LP increasing theirs by 489.5% in the fourth quarter.
• Analyst ratings for SharkNinja have improved, with Canaccord Genuity raising their price target to $136.00 and Zacks upgrading their rating to strong-buy, indicating a generally positive outlook for the stock.

Invesco Ltd. decreased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 75.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 114,327 shares of the company's stock after selling 357,225 shares during the period. Invesco Ltd. owned 0.08% of SharkNinja worth $9,536,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of SharkNinja by 77.9% during 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. grew its position in shares of SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after acquiring an additional 406 shares during the period. Quarry LP bought a new position in shares of SharkNinja during the 4th quarter valued at approximately $47,000. Continuum Advisory LLC grew its position in shares of 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 acquiring an additional 550 shares during the period. Finally, Covestor Ltd grew its position in shares of SharkNinja by 96.0% during the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock valued at $105,000 after acquiring an additional 616 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SN. Morgan Stanley increased their target price on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research report on Monday, June 30th. The Goldman Sachs Group increased their target price on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. raised their price objective 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 research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $131.86.

SharkNinja Price Performance

Shares of SharkNinja stock traded down $3.90 on Thursday, hitting $116.39. 2,790,135 shares of the company traded hands, compared to its average volume of 1,658,960. The firm's 50-day simple moving average is $111.32 and its 200 day simple moving average is $97.14. 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 cap of $16.43 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.25 and a beta of 1.69. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.44 billion for 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 quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Analysts expect that SharkNinja, Inc. will post 4.52 earnings per share 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.