Scientech Research LLC Makes New Investment in SharkNinja, Inc. $SN

Scientech Research LLC purchased a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,557 shares of the company's stock, valued at approximately $964,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Forum Financial Management LP raised its stake in SharkNinja by 5.3% during the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock worth $240,000 after acquiring an additional 144 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of SharkNinja by 77.9% during the first 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. Xponance Inc. grew its holdings in shares of SharkNinja by 5.4% during the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock worth $356,000 after buying an additional 220 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of SharkNinja by 0.8% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company's stock worth $3,685,000 after buying an additional 296 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of SharkNinja by 2.1% during the first quarter. Envestnet Asset Management Inc. now owns 18,948 shares of the company's stock worth $1,580,000 after buying an additional 396 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of SharkNinja stock traded down $1.55 on Friday, reaching $113.99. 674,406 shares of the stock were exchanged, compared to its average volume of 1,361,580. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. 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 $115.89 and a two-hundred day moving average price of $97.72. The firm has a market capitalization of $16.09 billion, a PE ratio of 31.15, a PEG ratio of 2.20 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business posted $0.71 earnings per share. The business's 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. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SN has been the topic of a number of research reports. Canaccord Genuity Group raised 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. JPMorgan Chase & Co. raised their price target on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. Wall Street Zen lowered SharkNinja from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Finally, Guggenheim reissued a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, SharkNinja has a consensus rating of "Buy" and a consensus 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.