Janney Montgomery Scott LLC Sells 6,791 Shares of SharkNinja, Inc. $SN

Key Points

• Janney Montgomery Scott LLC reduced its stake in SharkNinja, Inc. by 56.3%, selling 6,791 shares and retaining only 5,262 shares worth approximately $521,000.
• Analysts have mixed opinions on SharkNinja, with Zacks Research downgrading the stock from a "strong-buy" to a "hold," while other firms continue to issue buy ratings with varying target prices.
• SharkNinja reported impressive earnings, posting $0.97 EPS for the last quarter, which surpassed estimates and reflects a 15.7% year-over-year revenue growth.

Janney Montgomery Scott LLC lowered its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 56.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,262 shares of the company's stock after selling 6,791 shares during the period. Janney Montgomery Scott LLC's holdings in SharkNinja were worth $521,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SN. WCM Investment Management LLC increased its holdings in SharkNinja by 27.1% during the 1st quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock worth $18,633,000 after purchasing an additional 47,339 shares in the last quarter. Encompass More Asset Management increased its holdings in SharkNinja by 39.3% during the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock worth $654,000 after purchasing an additional 2,209 shares in the last quarter. GAMMA Investing LLC increased its holdings in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in SharkNinja by 504.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company's stock worth $209,000 after purchasing an additional 2,088 shares in the last quarter. Finally, Lisanti Capital Growth LLC bought a new position in SharkNinja during the 1st quarter worth about $350,000. Institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research cut SharkNinja from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. Jefferies Financial Group set a $175.00 target price on SharkNinja in a report on Monday, June 30th. Oppenheimer increased their target price on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $136.00 to $131.00 and set an "overweight" rating for the company in a research note on Friday, October 10th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $130.00.

SharkNinja Trading Up 0.1%

Shares of NYSE:SN opened at $94.03 on Friday. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51. The company has a market capitalization of $13.27 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.79 and a beta of 1.56. The company has a 50-day simple moving average of $109.54 and a 200 day simple moving average of $99.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) 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 business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.71 EPS. SharkNinja's revenue was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share 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.

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