8,668 Shares in SharkNinja, Inc. $SN Purchased by Redhawk Wealth Advisors Inc.

Key Points

• Redhawk Wealth Advisors Inc. has acquired 8,668 shares of SharkNinja, Inc. valued at approximately $858,000 in its recent 13F filing.
• SharkNinja reported a quarterly EPS of $0.97, exceeding consensus estimates and showing a 15.7% year-over-year revenue increase.
• Analysts have set a new average target price of $131.86 for SharkNinja, with an overall rating of "Buy."

Redhawk Wealth Advisors Inc. bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,668 shares of the company's stock, valued at approximately $858,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. grew its holdings in shares of SharkNinja by 14.7% during the 1st quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company's stock worth $108,914,000 after purchasing an additional 167,757 shares during the period. Alua Capital Management LP grew its stake in shares of SharkNinja by 21.8% in the first quarter. Alua Capital Management LP now owns 1,269,433 shares of the company's stock worth $105,883,000 after purchasing an additional 226,944 shares in the last quarter. Deutsche Bank AG boosted its stake in SharkNinja by 50.6% during the first quarter. Deutsche Bank AG now owns 591,957 shares of the company's stock valued at $49,375,000 after buying an additional 198,873 shares in the last quarter. Third Point LLC purchased a new stake in shares of SharkNinja during the first quarter valued at $45,876,000. Finally, Wellington Management Group LLP lifted its stake in SharkNinja by 47.1% in the 4th quarter. Wellington Management Group LLP now owns 549,768 shares of the company's stock worth $53,525,000 after acquiring an additional 175,978 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Price Performance

Shares of NYSE SN traded down $4.28 during trading on Monday, hitting $110.68. The company had a trading volume of 463,793 shares, compared to its average volume of 1,606,372. The stock has a fifty day simple moving average of $116.51 and a two-hundred day simple moving average of $98.30. 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 firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 2.18 and a beta of 1.68. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two 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 for the quarter, topping the consensus estimate of $0.78 by $0.19. The firm 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 company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

SN has been the topic of a number of research analyst reports. Wall Street Zen lowered SharkNinja from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Zacks Research upgraded SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Oppenheimer increased their price target on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research note on Monday, June 30th. Finally, Canaccord Genuity Group increased their price target on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $131.86.

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.