SharkNinja, Inc. $SN Shares Sold by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC reduced its stake in SharkNinja by 4.6%, now holding approximately 2.19 million shares valued at $216.99 million.
• SharkNinja's quarterly earnings report showed an EPS of $0.97, exceeding estimates, with revenue up 15.7% year-over-year at $1.44 billion.
• Analyst ratings for SharkNinja are mixed, with six analysts giving a "Buy" rating and three a "Hold," while the consensus target price is $130.00.

William Blair Investment Management LLC trimmed its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,192,066 shares of the company's stock after selling 105,562 shares during the period. William Blair Investment Management LLC owned about 1.55% of SharkNinja worth $216,993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SN. GAMMA Investing LLC raised 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 buying an additional 155 shares during the period. Harbour Investments Inc. increased its position in shares of SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after acquiring an additional 406 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of SharkNinja during the first quarter valued at approximately $36,000. New York State Teachers Retirement System purchased a new stake in shares of SharkNinja in the 2nd quarter valued at approximately $43,000. Finally, CWM LLC lifted its position in shares of SharkNinja by 656.7% in the 2nd quarter. CWM LLC now owns 787 shares of the company's stock valued at $78,000 after acquiring an additional 683 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SN shares. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Weiss Ratings downgraded SharkNinja from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Oppenheimer upped their price target on 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. decreased their price objective on SharkNinja from $136.00 to $131.00 and set an "overweight" rating for the company in a research report on Friday, October 10th. Finally, Zacks Research cut SharkNinja from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 7th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, SharkNinja has a consensus rating of "Moderate Buy" and a consensus target price of $130.00.

SharkNinja Stock Performance

Shares of SN stock opened at $94.03 on Friday. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The stock's 50-day moving average is $109.54 and its two-hundred day moving average is $99.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. The firm has a market cap of $13.27 billion, a P/E ratio of 25.69, a PEG ratio of 1.79 and a beta of 1.56.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.19. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $0.71 EPS. The firm's revenue was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal 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.

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