SharkNinja, Inc. $SN Holdings Raised by NBC Securities Inc.

Key Points

• NBC Securities Inc. increased its stake in SharkNinja, Inc. by 56.4%, owning 15,996 shares valued at approximately $1,583,000 after acquiring an additional 5,770 shares in the second quarter.
• Multiple institutional investors, including GAMMA Investing LLC and Harbour Investments Inc., have significantly increased their holdings in SharkNinja, signaling heightened investor interest.
• SharkNinja reported earnings of $0.97 per share for the last quarter, exceeding expectations and demonstrating a year-over-year revenue increase of 15.7%, solidifying a consensus "Buy" rating among analysts.

NBC Securities Inc. increased its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 56.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,996 shares of the company's stock after acquiring an additional 5,770 shares during the period. NBC Securities Inc.'s holdings in SharkNinja were worth $1,583,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted 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 worth $30,000 after acquiring an additional 155 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of SharkNinja by 5,800.0% during the first quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after purchasing an additional 406 shares during the period. SVB Wealth LLC acquired a new position in shares of SharkNinja during the first quarter worth about $36,000. Continuum Advisory LLC lifted its holdings in shares of SharkNinja by 6,875.0% in the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after buying an additional 550 shares during the period. Finally, Covestor Ltd raised its position in SharkNinja by 96.0% in the first quarter. Covestor Ltd now owns 1,258 shares of the company's stock worth $105,000 after acquiring an additional 616 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Down 1.7%

Shares of SharkNinja stock traded down $1.98 on Friday, hitting $114.97. 1,404,366 shares of the company's stock traded hands, compared to its average volume of 1,171,909. The stock has a market cap of $16.23 billion, a P/E ratio of 31.41, a PEG ratio of 2.22 and a beta of 1.68. The firm's 50-day moving average is $116.51 and its 200 day moving average is $98.23. 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 52-week low of $60.50 and a 52-week high of $128.51.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on SN shares. Wall Street Zen downgraded shares of SharkNinja from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Oppenheimer lifted their price target on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Guggenheim reaffirmed a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research report on Monday, June 30th. Finally, Canaccord Genuity Group increased their target price on SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $131.86.

SharkNinja 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.