Knightsbridge Asset Management LLC Sells 4,419 Shares of SharkNinja, Inc. $SN

Key Points

• Knightsbridge Asset Management LLC reduced its stake in SharkNinja, Inc. by 4.0%, now holding approximately 105,411 shares, which represents about 2.2% of its total holdings.
• Several hedge funds increased their positions in SharkNinja during the same quarter, with WCM Investment Management LLC growing its stake by 27.1% and Caitong International Asset Management raising its stake by 504.3%.
• SharkNinja recently reported earnings exceeding expectations, with $0.97 earnings per share against a consensus estimate of $0.78, reflecting a 15.7% year-over-year revenue increase.

Knightsbridge Asset Management LLC lessened its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 4.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,411 shares of the company's stock after selling 4,419 shares during the period. SharkNinja comprises 2.2% of Knightsbridge Asset Management LLC's holdings, making the stock its 11th largest holding. Knightsbridge Asset Management LLC owned 0.08% of SharkNinja worth $8,792,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SN. WCM Investment Management LLC boosted its stake in shares of SharkNinja by 27.1% in the first quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock valued at $18,633,000 after buying an additional 47,339 shares during the period. Encompass More Asset Management raised its holdings in SharkNinja by 39.3% in the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock valued at $654,000 after acquiring an additional 2,209 shares in the last quarter. GAMMA Investing LLC lifted 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. Lisanti Capital Growth LLC bought a new stake in shares of SharkNinja during the 1st quarter valued at $350,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of 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. 34.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SN. Canaccord Genuity Group raised their price target on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Oppenheimer raised their target price on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Wall Street Zen cut shares of SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. JPMorgan Chase & Co. upped 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. Finally, Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, SharkNinja has a consensus rating of "Buy" and a consensus target price of $131.86.

SharkNinja Price Performance

Shares of SN stock traded up $0.70 on Wednesday, reaching $115.98. The company had a trading volume of 755,594 shares, compared to its average volume of 1,637,020. The stock has a market capitalization of $16.37 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.18 and a beta of 1.68. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $128.51. The business's 50-day moving average is $115.42 and its 200 day moving average is $97.50.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly 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. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm's revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.