Strs Ohio Invests $1.04 Million in SharkNinja, Inc. $SN

Key Points

• Strs Ohio invested $1.04 million to acquire 12,471 shares of SharkNinja, Inc. ($SN) during the first quarter, highlighting increased institutional interest in the company.
• SharkNinja received multiple analyst upgrades, with a consensus rating of "Buy" and an average price target of $131.86, indicating positive market sentiment.
• The company reported earnings of $0.97 per share for the last quarter, surpassing expectations and reflecting a revenue increase of 15.7% compared to the previous year.

Strs Ohio acquired a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,471 shares of the company's stock, valued at approximately $1,040,000.

Other hedge funds have also modified their holdings of the company. WCM Investment Management LLC raised 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 valued at $18,633,000 after purchasing an additional 47,339 shares in the last quarter. Encompass More Asset Management grew its holdings in shares of SharkNinja by 39.3% during the first quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock worth $654,000 after purchasing an additional 2,209 shares during the last quarter. GAMMA Investing LLC increased its position in shares of SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of SharkNinja in the 1st quarter valued at about $350,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in SharkNinja by 504.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company's stock worth $209,000 after buying an additional 2,088 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Down 4.4%

Shares of NYSE:SN traded down $5.02 during trading on Monday, hitting $109.94. The company's stock had a trading volume of 1,801,249 shares, compared to its average volume of 1,158,289. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. The stock's 50-day moving average price is $116.48 and its two-hundred day moving average price is $98.43. The company has a market capitalization of $15.52 billion, a PE ratio of 30.04, a PEG ratio of 2.18 and a beta of 1.68. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The company'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. As a group, sell-side analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Ratings Changes

SN has been the topic of a number of recent research reports. Wall Street Zen lowered shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Zacks Research upgraded shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. Oppenheimer lifted their price objective on SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of 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 stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $131.86.

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.