SharkNinja, Inc. $SN Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc has reduced its holdings in SharkNinja by 19.5%, now owning approximately 0.23% of the company, valued at $32,154,000.
• SharkNinja reported a $0.97 EPS for the last quarter, exceeding analysts' expectations, with revenue of $1.44 billion, marking a 15.7% year-over-year increase.
• Six research analysts have rated SharkNinja as a Buy, with an average price target of $130.00, while Zacks Research downgraded it from "strong-buy" to "hold".

Aberdeen Group plc reduced its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 19.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,817 shares of the company's stock after selling 78,792 shares during the quarter. Aberdeen Group plc owned approximately 0.23% of SharkNinja worth $32,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Forum Financial Management LP lifted its position in SharkNinja by 5.3% during the first quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock valued at $240,000 after buying an additional 144 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after acquiring an additional 155 shares during the period. Xponance Inc. lifted its holdings in shares of SharkNinja by 5.4% during the 1st quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after acquiring an additional 220 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in SharkNinja by 2.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,948 shares of the company's stock worth $1,580,000 after purchasing an additional 396 shares during the period. Finally, Harbour Investments Inc. increased its holdings in SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after purchasing an additional 406 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of SN stock opened at $88.45 on Monday. The firm has a fifty day moving average of $111.82 and a two-hundred day moving average of $99.47. The firm has a market cap of $12.48 billion, a P/E ratio of 24.17, a P/E/G ratio of 1.68 and a beta of 1.56. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.19. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The company's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. 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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SN. Zacks Research lowered SharkNinja from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 7th. Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th. JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $136.00 to $131.00 and set an "overweight" rating for the company in a research note on Friday. Wall Street Zen downgraded shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, 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 report on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, SharkNinja currently has an average rating of "Moderate Buy" and a consensus price target of $130.00.

SharkNinja Company 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.

Want to see what other hedge funds are holding SN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SharkNinja, Inc. (NYSE:SN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.