Aberdeen Group plc Has $33.67 Million Holdings in SharkNinja, Inc. $SN

Key Points

• Aberdeen Group plc reduced its stake in SharkNinja, Inc. by 3.9% in Q1, holding 403,609 shares valued at approximately $33.67 million after selling 16,395 shares.
• Several institutional investors saw significant increases in their holdings: GAMMA Investing LLC by 77.9%, Harbour Investments Inc. by 5,800.0%, and Continuum Advisory LLC by 6,875.0%.
• SharkNinja's recent earnings report showed EPS of $0.97, exceeding estimates of $0.78, along with a revenue increase of 15.7% year-over-year, totaling $1.44 billion.

Aberdeen Group plc reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 403,609 shares of the company's stock after selling 16,395 shares during the quarter. Aberdeen Group plc owned approximately 0.29% of SharkNinja worth $33,665,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Forum Financial Management LP grew its stake in shares of 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. Voya Investment Management LLC grew its stake in shares of SharkNinja by 1.2% in the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock valued at $1,282,000 after buying an additional 154 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares in the last quarter. Xponance Inc. grew its stake in shares of SharkNinja by 5.4% in the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after buying an additional 220 shares in the last quarter. Finally, Zacks Investment Management grew its stake in shares of SharkNinja by 1.6% in the fourth quarter. Zacks Investment Management now owns 15,879 shares of the company's stock valued at $1,546,000 after buying an additional 257 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Performance

Shares of SN traded down $3.8640 during midday trading on Thursday, reaching $115.7260. 4,254,577 shares of the stock were exchanged, compared to its average volume of 1,655,389. 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 company has a market cap of $16.32 billion, a P/E ratio of 31.62, a PEG ratio of 2.34 and a beta of 1.69. The stock's 50 day simple moving average is $108.22 and its 200 day simple moving average is $96.96.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results 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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The company's revenue was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, sell-side analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SN. Oppenheimer raised their target price on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Wall Street Zen cut shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research report on Monday, June 30th. Finally, Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.