Mirae Asset Global Investments Co. Ltd. Sells 59,204 Shares of SharkNinja, Inc. $SN

Key Points

• Mirae Asset Global Investments Co. Ltd. has dramatically reduced its stake in SharkNinja, Inc. by **97.8%**, selling **59,204 shares** to hold only **1,344 shares** now, worth approximately **$133,000**.
• SharkNinja reported **$0.97 earnings per share** for the last quarter, exceeding analysts' expectations of **$0.78**, with a revenue of **$1.44 billion**, showing a **15.7% increase** from the same period last year.
• Brokerages have varied in their ratings for SharkNinja, with Canaccord Genuity raising their price target to **$136.00**, while Weiss Ratings downgraded the stock from "buy" to "hold".

Mirae Asset Global Investments Co. Ltd. cut its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 97.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,344 shares of the company's stock after selling 59,204 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in SharkNinja were worth $133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Forum Financial Management LP raised its position in shares of SharkNinja by 5.3% in the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock worth $240,000 after acquiring an additional 144 shares in the last quarter. GAMMA Investing LLC grew its stake in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the period. Xponance Inc. boosted its holdings in shares of SharkNinja by 5.4% during the 1st quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after buying an additional 220 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SharkNinja by 2.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,948 shares of the company's stock valued at $1,580,000 after buying an additional 396 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after buying an additional 406 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

Shares of NYSE SN opened at $88.45 on Friday. The firm's 50-day moving average price is $111.82 and its 200-day moving average price is $99.37. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The company has a market cap of $12.48 billion, a PE ratio of 24.17, a PEG ratio of 1.68 and a beta of 1.56. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on SN. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Weiss Ratings downgraded shares of SharkNinja from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on SharkNinja from $136.00 to $131.00 and set an "overweight" rating on the stock in a research note on Friday. Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Guggenheim reissued a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $130.00.

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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