Walleye Capital LLC Acquires 4,243 Shares of SharkNinja, Inc. $SN

Key Points

• Walleye Capital LLC increased its stake in SharkNinja, Inc. by 18.5%, owning 27,162 shares valued at approximately $2.27 million as of the last reporting period.
• SharkNinja reported an earnings per share (EPS) of $0.97 for the most recent quarter, exceeding analysts' expectations of $0.78, with a year-over-year revenue increase of 15.7%.
• Institutional investors own 34.77% of SharkNinja's stock, with recent significant acquisitions from various funds, indicating strong interest in the company's growth potential.

Walleye Capital LLC grew its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 18.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,162 shares of the company's stock after buying an additional 4,243 shares during the quarter. Walleye Capital LLC's holdings in SharkNinja were worth $2,266,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of SharkNinja by 77.9% during 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 during the last quarter. Harbour Investments Inc. grew its holdings in shares of SharkNinja by 5,800.0% during the first quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after buying an additional 406 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of SharkNinja during the first quarter valued at about $36,000. Quarry LP acquired a new position in shares of SharkNinja during the fourth quarter valued at about $47,000. Finally, Continuum Advisory LLC grew its holdings in shares of SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after buying an additional 550 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SN shares. Morgan Stanley lifted their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Guggenheim restated a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. The Goldman Sachs Group boosted their price target on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Wall Street Zen cut shares of SharkNinja from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $131.86.

SharkNinja Stock Performance

SN stock traded up $0.83 during mid-day trading on Friday, hitting $117.08. The company had a trading volume of 1,250,397 shares, compared to its average volume of 1,648,581. The firm has a market cap of $16.53 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 2.22 and a beta of 1.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51. The stock's fifty day moving average price is $112.39 and its two-hundred day moving average price is $97.15.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.78 by $0.19. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.