SharkNinja, Inc. $SN Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in SharkNinja, Inc. by 20.7% during the second quarter, owning a total of 21,913 shares valued at approximately $2.17 million according to SEC filings.
• SharkNinja recently reported earnings of $0.97 per share, exceeding analysts' estimates of $0.78, with a revenue of $1.44 billion during the last quarter, marking a year-over-year increase of 15.7%.
• Analysts have given SharkNinja shares a consensus rating of "Buy" with a target price ranging from $135 to $175, indicating a positive outlook for the company's stock performance.

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 20.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,913 shares of the company's stock after buying an additional 3,759 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in SharkNinja were worth $2,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp raised its holdings in shares of SharkNinja by 14.5% in the fourth quarter. Northern Trust Corp now owns 131,285 shares of the company's stock worth $12,782,000 after acquiring an additional 16,607 shares during the last quarter. Man Group plc purchased a new position in SharkNinja in the fourth quarter valued at about $1,097,000. Sandia Investment Management LP purchased a new position in SharkNinja in the fourth quarter valued at about $487,000. Safe Harbor Fiduciary LLC boosted its holdings in SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Tenzing Global Management LLC purchased a new position in SharkNinja in the fourth quarter valued at about $2,434,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of NYSE SN opened at $113.99 on Friday. The stock has a fifty day moving average price of $115.89 and a two-hundred day moving average price of $97.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. The firm has a market cap of $16.09 billion, a P/E ratio of 31.15, a PEG ratio of 2.20 and a beta of 1.68. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51.

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, beating analysts' consensus estimates of $0.78 by $0.19. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The firm's quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on SN shares. Guggenheim restated a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. JPMorgan Chase & Co. increased their price target on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Oppenheimer raised their target price on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Jefferies Financial Group set a $175.00 target price on SharkNinja in a research report on Monday, June 30th. Finally, Wall Street Zen cut SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, SharkNinja has a consensus rating of "Buy" and a consensus target price 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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