Metavasi Capital LP Sells 61,000 Shares of SharkNinja, Inc. $SN

Key Points

• Metavasi Capital LP has reduced its holdings in SharkNinja, Inc. by 55.5%, now owning 49,000 shares, making it the 16th largest position in their investment portfolio.
• Multiple institutional investors have increased their stakes in SharkNinja, with notable purchases including Greenvale Capital LLP's new stake valued at $73 million.
• Analysts have adjusted their price targets for SharkNinja, with Morgan Stanley setting it at $101 and JPMorgan Chase at $144, reflecting a consensus rating of "Buy" with an average target of $131.86.

Metavasi Capital LP trimmed its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 55.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 49,000 shares of the company's stock after selling 61,000 shares during the period. SharkNinja makes up approximately 2.6% of Metavasi Capital LP's holdings, making the stock its 16th largest position. Metavasi Capital LP's holdings in SharkNinja were worth $4,087,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SN. GAMMA Investing LLC lifted its stake 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 buying an additional 155 shares in the last quarter. Harbour Investments Inc. lifted its position in 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 acquiring an additional 406 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of SharkNinja in the first quarter worth $36,000. Continuum Advisory LLC increased its stake in shares of SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after acquiring an additional 550 shares during the period. Finally, Covestor Ltd grew its position in 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 buying an additional 616 shares during the period. Institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SN. Oppenheimer lifted their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Guggenheim restated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Canaccord Genuity Group upped their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen cut shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Finally, Morgan Stanley raised their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $131.86.

SharkNinja Stock Performance

Shares of SharkNinja stock traded up $3.42 during trading on Thursday, hitting $121.41. 1,369,760 shares of the stock were exchanged, compared to its average volume of 1,649,634. The stock's fifty day moving average is $113.83 and its 200 day moving average is $97.36. The stock has a market cap of $17.14 billion, a PE ratio of 33.17, a P/E/G ratio of 2.22 and a beta of 1.68. 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, 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, topping 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 quarter in the prior year, the company posted $0.71 earnings per share. The company's quarterly revenue was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS 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.