SharkNinja, Inc. $SN Shares Sold by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP reduced its stake in SharkNinja, Inc. by 60.4% during the first quarter, now holding 20,362 shares valued at approximately $1.70 million.
• SharkNinja's latest earnings report showed a revenue increase of 15.7% year-over-year, with an EPS of $0.97, exceeding analysts' expectations.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for SharkNinja, with an average price target of $131.86, indicating growth potential.

Quantbot Technologies LP lowered its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 60.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,362 shares of the company's stock after selling 31,002 shares during the period. Quantbot Technologies LP's holdings in SharkNinja were worth $1,698,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SN. Northern Trust Corp lifted its position in shares of SharkNinja by 1.2% in the 1st quarter. Northern Trust Corp now owns 132,856 shares of the company's stock worth $11,082,000 after purchasing an additional 1,571 shares during the period. Versor Investments LP bought a new stake in SharkNinja during the 1st quarter valued at approximately $911,000. Element Capital Management LLC bought a new stake in SharkNinja during the 1st quarter valued at approximately $2,534,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of SharkNinja by 504.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company's stock worth $209,000 after acquiring an additional 2,088 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of SharkNinja by 86.6% in the 1st quarter. Russell Investments Group Ltd. now owns 65,471 shares of the company's stock worth $5,461,000 after acquiring an additional 30,389 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SN has been the topic of several research reports. Guggenheim restated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Wall Street Zen downgraded shares of SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research report on Monday, June 30th. Zacks Research raised shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group raised 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $131.86.

SharkNinja Stock Performance

Shares of SN traded up $1.95 during trading hours on Tuesday, hitting $117.75. The stock had a trading volume of 647,031 shares, compared to its average volume of 1,652,156. The firm has a market capitalization of $16.62 billion, a PE ratio of 32.11, a PEG ratio of 2.44 and a beta of 1.69. 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, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51. The stock has a fifty day moving average price of $110.05 and a 200 day moving average price of $96.83.

SharkNinja (NYSE:SN - Get Free Report) last released 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 return on equity of 28.78% and a net margin of 8.82%.The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business'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. 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.