Tenzing Global Management LLC Has $1.46 Million Stock Holdings in SharkNinja, Inc. $SN

Key Points

• Tenzing Global Management LLC sold 7,500 shares of SharkNinja, reducing its stake by 30%, and now holds 17,500 shares worth approximately $1.46 million.
• SharkNinja's stock received several upgrades from analysts, with Oppenheimer raising its price objective to $135.00 and Zacks Research upgrading it to a strong-buy rating.
• SharkNinja recently reported earnings of $0.97 per share, exceeding estimates, with revenues of $1.44 billion for the quarter, reflecting a 15.7% year-over-year increase.

Tenzing Global Management LLC lowered its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,500 shares of the company's stock after selling 7,500 shares during the period. SharkNinja comprises approximately 1.1% of Tenzing Global Management LLC's holdings, making the stock its 19th largest holding. Tenzing Global Management LLC's holdings in SharkNinja were worth $1,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SN. Federated Hermes Inc. boosted its holdings in SharkNinja by 14.7% in the first quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company's stock worth $108,914,000 after acquiring an additional 167,757 shares in the last quarter. Alua Capital Management LP increased its position in shares of SharkNinja by 21.8% in the 1st quarter. Alua Capital Management LP now owns 1,269,433 shares of the company's stock valued at $105,883,000 after acquiring an additional 226,944 shares during the period. Greenvale Capital LLP purchased a new position in SharkNinja in the 4th quarter worth $73,020,000. Deutsche Bank AG lifted its position in SharkNinja by 50.6% during the 1st quarter. Deutsche Bank AG now owns 591,957 shares of the company's stock worth $49,375,000 after acquiring an additional 198,873 shares during the period. Finally, Third Point LLC purchased a new stake in SharkNinja during the 1st quarter valued at about $45,876,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SN shares. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a report on Monday, June 30th. Oppenheimer lifted their target price 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. Zacks Research upgraded shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. Wall Street Zen lowered shares of SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Finally, Guggenheim reiterated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $131.86.

SharkNinja Price Performance

SharkNinja stock traded down $0.83 during mid-day trading on Friday, reaching $114.71. The company had a trading volume of 250,163 shares, compared to its average volume of 1,624,573. 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. The stock's 50-day simple moving average is $115.77 and its 200-day simple moving average is $97.71. The company has a market capitalization of $16.19 billion, a P/E ratio of 31.34, a P/E/G ratio of 2.20 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.38 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The company's revenue for the quarter was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, 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.