Maverick Capital Ltd. Increases Holdings in SharkNinja, Inc. $SN

Key Points

• Maverick Capital Ltd. increased its holdings in SharkNinja, Inc. by 76.4% during the first quarter, owning 5,947 shares valued at approximately $496,000.
• SharkNinja reported earnings of $0.97 per share, exceeding analysts' expectations, and revenues increased by 15.7% year-over-year to $1.44 billion.
• Wall Street analysts have generally favorable ratings for SharkNinja, with an average target price of $131.86 and several agencies upgrading their ratings from "hold" to "buy".

Maverick Capital Ltd. grew its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 76.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,947 shares of the company's stock after acquiring an additional 2,576 shares during the period. Maverick Capital Ltd.'s holdings in SharkNinja were worth $496,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Forum Financial Management LP boosted its position in shares of SharkNinja by 5.3% during the first quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock valued at $240,000 after purchasing an additional 144 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of SharkNinja by 1.2% during the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock valued at $1,282,000 after purchasing an additional 154 shares in the last quarter. GAMMA Investing LLC boosted its position 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 in the last quarter. Xponance Inc. boosted its position in shares of SharkNinja by 5.4% during the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after purchasing an additional 220 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of SharkNinja by 0.8% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company's stock valued at $3,685,000 after purchasing an additional 296 shares in the last quarter. Institutional investors own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SN. Zacks Research upgraded SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research report on Monday, June 30th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Oppenheimer lifted 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. Finally, Guggenheim reiterated a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. One 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $131.86.

SharkNinja Stock Down 3.3%

NYSE SN traded down $3.97 during mid-day trading on Friday, reaching $117.25. The stock had a trading volume of 1,713,722 shares, compared to its average volume of 1,478,173. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51. The stock has a market cap of $16.55 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 2.23 and a beta of 1.68. The company has a fifty day moving average price of $114.79 and a 200 day moving average price of $97.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja Company 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.