Russell Investments Group Ltd. Purchases 30,389 Shares of SharkNinja, Inc. $SN

Key Points

• Russell Investments Group Ltd. increased its stake in SharkNinja, Inc. by 86.6%, acquiring an additional 30,389 shares during the first quarter, bringing its total holdings to 65,471 shares valued at approximately $5.46 million.
• SharkNinja reported $1.44 billion in revenue for the last quarter, surpassing expectations and marking a 15.7% year-over-year increase.
• Equities analysts have set a consensus rating of "Moderate Buy" for SharkNinja, with an average price target increasing to $131.86.

Russell Investments Group Ltd. increased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 86.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,471 shares of the company's stock after purchasing an additional 30,389 shares during the period. Russell Investments Group Ltd.'s holdings in SharkNinja were worth $5,461,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Harbour Investments Inc. boosted its stake in SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after purchasing an additional 406 shares in the last quarter. Quarry LP bought a new position in SharkNinja in the 4th quarter worth about $47,000. Continuum Advisory LLC lifted 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 acquiring an additional 550 shares during the period. Finally, Covestor Ltd lifted 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 acquiring an additional 616 shares during the period. Institutional investors own 34.77% of the company's stock.

SharkNinja Price Performance

Shares of NYSE:SN opened at $115.7260 on Friday. The firm's 50 day moving average price is $108.78 and its 200-day moving average price is $97.01. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51. 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 stock has a market capitalization of $16.32 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 2.27 and a beta of 1.69.

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, 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 quarter in the prior year, the business earned $0.71 EPS. The business's quarterly revenue was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities research analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Canaccord Genuity Group upped their target price on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen cut shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Morgan Stanley upped their target price 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 target price on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group upped 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. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and an average price target 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.

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