Magnetar Financial LLC Buys New Position in SharkNinja, Inc. $SN

Key Points

• Magnetar Financial LLC invested approximately $659,000 in SharkNinja, Inc. by purchasing 7,902 shares during the first quarter.
• SharkNinja's stock has seen various ratings changes, with Goldman Sachs recently raising its price target from $100 to $112, while other analysts maintain a generally positive outlook.
• The company reported an earnings per share (EPS) of $0.97 for the last quarter, surpassing estimates, and has set FY 2025 guidance at 5.000-5.100 EPS.

Magnetar Financial LLC acquired a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,902 shares of the company's stock, valued at approximately $659,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of SharkNinja by 5,800.0% during the first quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after purchasing an additional 406 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of SharkNinja during the first quarter valued at about $36,000. Continuum Advisory LLC boosted its stake in shares of SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of SharkNinja by 96.0% during the first quarter. Covestor Ltd now owns 1,258 shares of the company's stock valued at $105,000 after purchasing an additional 616 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of recent research reports. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research note on Monday, June 30th. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. The Goldman Sachs Group lifted their price target on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Oppenheimer lifted their price target on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Canaccord Genuity Group raised their price objective on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $131.86.

SharkNinja Stock Up 2.9%

Shares of NYSE:SN traded up $3.42 during mid-day trading on Thursday, hitting $121.41. 1,369,760 shares of the company traded hands, compared to its average volume of 1,649,634. The stock has a market cap of $17.14 billion, a P/E ratio of 33.17, a P/E/G ratio of 2.22 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. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $128.51. The stock has a 50-day moving average price of $113.83 and a two-hundred day moving average price of $97.36.

SharkNinja (NYSE:SN - Get Free Report) last announced 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. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.SharkNinja's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, equities research 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.