Thurston Springer Miller Herd & Titak Inc. Boosts Stock Holdings in SharkNinja, Inc. $SN

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. increased its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 20.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,913 shares of the company's stock after purchasing 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 filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SN. Northern Trust Corp increased its position in shares of SharkNinja by 14.5% in the fourth quarter. Northern Trust Corp now owns 131,285 shares of the company's stock valued at $12,782,000 after acquiring an additional 16,607 shares during the period. Man Group plc purchased a new position in shares of SharkNinja in the fourth quarter valued at about $1,097,000. Sandia Investment Management LP purchased a new position in shares of SharkNinja during the fourth quarter valued at about $487,000. Safe Harbor Fiduciary LLC increased its position in shares of SharkNinja by 200.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock valued at $146,000 after buying an additional 1,000 shares during the period. Finally, Tenzing Global Management LLC purchased a new position in shares of SharkNinja during the fourth quarter valued at about $2,434,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

SN has been the topic of several research analyst reports. Oppenheimer boosted their price target on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Zacks Research raised shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $131.86.

SharkNinja Price Performance

Shares of NYSE:SN traded down $0.60 during midday trading on Friday, reaching $116.36. 194,273 shares of the company were exchanged, compared to its average volume of 1,606,508. 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's fifty day moving average is $116.44 and its two-hundred day moving average is $98.09. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $128.51. The stock has a market cap of $16.42 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.16 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last issued 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 net margin of 8.82% and a return on equity of 28.78%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. SharkNinja's revenue for the quarter was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.