PDT Partners LLC Lowers Stock Position in SharkNinja, Inc. $SN

Key Points

• PDT Partners LLC has reduced its stake in SharkNinja, Inc. by 11.5%, selling 4,921 shares and now holding 37,723 shares valued at approximately $3.15 million.
• WCM Investment Management LLC increased its holdings in SharkNinja by 27.1%, and several other institutional investors also increased their stakes, indicating strong interest from the investment community.
• SharkNinja reported $0.97 earnings per share for the last quarter, exceeding analyst expectations, with a revenue increase of 15.7% year-over-year, indicating solid financial performance.

PDT Partners LLC lessened its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,723 shares of the company's stock after selling 4,921 shares during the period. PDT Partners LLC's holdings in SharkNinja were worth $3,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after purchasing an additional 406 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of SharkNinja in the first quarter worth about $36,000. Continuum Advisory LLC increased its holdings in shares of SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after buying an additional 550 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of SharkNinja by 96.0% during the first quarter. Covestor Ltd now owns 1,258 shares of the company's stock worth $105,000 after purchasing an additional 616 shares during the period. Institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

SN has been the subject of a number of recent research reports. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Zacks Research raised SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. Oppenheimer lifted their price target on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. raised their price objective on SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $131.86.

SharkNinja Stock Down 3.3%

Shares of SN stock traded down $3.97 during mid-day trading on Friday, hitting $117.25. 1,713,722 shares of the stock traded hands, compared to its average volume of 1,478,173. The stock has a market cap of $16.55 billion, a P/E ratio of 32.03, a P/E/G ratio of 2.23 and a beta of 1.68. The stock's fifty day moving average is $114.79 and its two-hundred day moving average is $97.39. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week 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 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. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $0.71 EPS. SharkNinja's revenue for the quarter was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities analysts predict that SharkNinja, Inc. will post 4.52 EPS 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.