Vident Advisory LLC Invests $350,000 in SharkNinja, Inc. $SN

Key Points

• Vident Advisory LLC acquired 4,194 shares of SharkNinja, Inc., worth approximately $350,000, during the first quarter, indicating growing institutional interest in the company.
• SharkNinja's stock rating has seen varied adjustments from analysts; JPMorgan Chase raised the price target to $144.00, while Wall Street Zen downgraded it to a "hold".
• The company reported a solid earnings performance with $0.97 earnings per share, surpassing the consensus estimate by $0.19, and had a quarterly revenue increase of 15.7% year-over-year.

Vident Advisory LLC bought a new position in SharkNinja, Inc. (NYSE:SN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,194 shares of the company's stock, valued at approximately $350,000.

Several other large investors have also recently modified their holdings of SN. Magnetar Financial LLC purchased a new stake in shares of SharkNinja during the 1st quarter worth approximately $659,000. Parnassus Investments LLC acquired a new stake in shares of SharkNinja in the first quarter worth approximately $573,000. State of Wyoming raised its position in SharkNinja by 23.6% in the first quarter. State of Wyoming now owns 5,541 shares of the company's stock valued at $462,000 after purchasing an additional 1,057 shares during the period. Trexquant Investment LP acquired a new position in SharkNinja during the 1st quarter worth about $4,561,000. Finally, Landscape Capital Management L.L.C. increased its holdings in shares of SharkNinja by 14.7% in the 1st quarter. Landscape Capital Management L.L.C. now owns 56,829 shares of the company's stock valued at $4,740,000 after acquiring an additional 7,272 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Guggenheim reaffirmed a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research report on Monday, June 30th. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Oppenheimer boosted their price target on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Zacks Research raised shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a report 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $131.86.

SharkNinja Trading Down 1.3%

SharkNinja stock traded down $1.55 during trading hours on Friday, reaching $113.99. The stock had a trading volume of 674,406 shares, compared to its average volume of 1,361,580. The company has a fifty day simple moving average of $115.89 and a 200-day simple moving average of $97.72. 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. The stock has a market cap of $16.09 billion, a PE ratio of 31.15, a PEG ratio of 2.20 and a beta of 1.68.

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

SharkNinja 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.