SharkNinja, Inc. $SN Shares Sold by Focus Partners Wealth

Key Points

• Focus Partners Wealth reduced its stake in SharkNinja by 24.6%, now holding 76,650 shares valued at approximately $6.39 million as of the latest SEC filing.
• Several institutional investors have significantly increased their holdings, with Harbour Investments Inc. boosting its stake by 5,800% and GAMMA Investing LLC increasing by 77.9% in the first quarter.
• SharkNinja's earnings report showed a strong performance, with reported EPS of $0.97, exceeding estimates, and a revenue of $1.44 billion, marking a 15.7% increase year-over-year.

Focus Partners Wealth lessened its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 24.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,650 shares of the company's stock after selling 24,945 shares during the period. Focus Partners Wealth owned approximately 0.05% of SharkNinja worth $6,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. WCM Investment Management LLC increased its holdings in shares of SharkNinja by 27.1% in the 1st quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock worth $18,633,000 after buying an additional 47,339 shares during the last quarter. Encompass More Asset Management grew its holdings in SharkNinja by 39.3% during the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock valued at $654,000 after purchasing an additional 2,209 shares during the last quarter. GAMMA Investing LLC boosted its position in 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 buying an additional 155 shares during the period. Lisanti Capital Growth LLC purchased a new stake in SharkNinja in the 1st quarter valued at about $350,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in SharkNinja by 504.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company's stock valued at $209,000 after buying an additional 2,088 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

SharkNinja stock traded up $3.05 during trading hours on Thursday, reaching $117.00. 1,035,332 shares of the stock were exchanged, compared to its average volume of 1,334,339. The stock has a market cap of $16.51 billion, a P/E ratio of 31.97, a P/E/G ratio of 2.16 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 52-week low of $60.50 and a 52-week high of $128.51. The firm's 50 day moving average is $116.44 and its 200 day moving average is $98.09.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SN shares. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research report on Monday, June 30th. Canaccord Genuity Group increased 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. Oppenheimer raised 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. Wall Street Zen lowered shares of SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Zacks Research raised shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average 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.