Nuveen LLC Buys New Shares in SharkNinja, Inc. $SN

Key Points

• Nuveen LLC has invested approximately $15 million in SharkNinja, acquiring 179,875 shares during the 1st quarter, representing a 0.13% ownership stake.
• SharkNinja's stock has received multiple analyst upgrades, with price targets raised by firms like JPMorgan and Oppenheimer, reflecting strong market confidence in the company.
• The company recently reported a 15.7% year-over-year revenue increase for the last quarter, achieving $1.44 billion in revenue and beating EPS estimates by $0.19.

Nuveen LLC purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 179,875 shares of the company's stock, valued at approximately $15,003,000. Nuveen LLC owned approximately 0.13% of SharkNinja as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after buying an additional 155 shares during the period. Harbour Investments Inc. raised its position in shares of SharkNinja by 5,800.0% during the 1st 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. Quarry LP acquired a new position in SharkNinja during the 4th quarter valued at about $47,000. Continuum Advisory LLC boosted its stake in SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares during the period. Finally, Covestor Ltd boosted its stake in SharkNinja by 96.0% during the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock valued at $105,000 after purchasing an additional 616 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Morgan Stanley lifted their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Wall Street Zen lowered shares of SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Guggenheim restated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $131.86.

SharkNinja Price Performance

NYSE:SN traded up $1.0380 during mid-day trading on Friday, reaching $116.8580. 1,676,764 shares of the stock were exchanged, compared to its average volume of 1,503,421. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $109.47 and a 200 day moving average price of $97.04. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The firm has a market capitalization of $16.49 billion, a PE ratio of 28.80, a PEG ratio of 2.44 and a beta of 1.69.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.97 EPS 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 firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the previous year, the business earned $0.71 earnings per share. SharkNinja's revenue for the quarter was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.