Voss Capital LP Makes New $14.18 Million Investment in SharkNinja, Inc. $SN

Key Points

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Voss Capital LP acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 170,000 shares of the company's stock, valued at approximately $14,180,000. SharkNinja comprises about 1.1% of Voss Capital LP's investment portfolio, making the stock its 22nd largest position. Voss Capital LP owned 0.12% of SharkNinja as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Palestra Capital Management LLC boosted its holdings in shares of SharkNinja by 83.4% during the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock valued at $173,377,000 after purchasing an additional 809,960 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of SharkNinja by 14.7% during the 1st quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company's stock valued at $108,914,000 after purchasing an additional 167,757 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in shares of SharkNinja by 30.1% during the 4th quarter. Hood River Capital Management LLC now owns 1,048,390 shares of the company's stock valued at $102,071,000 after purchasing an additional 242,723 shares during the last quarter. Alua Capital Management LP raised its position in shares of SharkNinja by 17.5% during the 4th quarter. Alua Capital Management LP now owns 1,042,489 shares of the company's stock valued at $101,497,000 after buying an additional 155,605 shares in the last quarter. Finally, Greenvale Capital LLP purchased a new stake in shares of SharkNinja during the 4th quarter valued at about $73,020,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Trading Up 0.9%

SharkNinja stock traded up $1.0380 during midday trading on Friday, reaching $116.8580. The stock had a trading volume of 1,676,764 shares, compared to its average volume of 1,503,421. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.69. The company has a fifty day moving average of $109.47 and a 200 day moving average of $97.04.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm'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, analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SN shares. Oppenheimer upped 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. Canaccord Genuity Group upped their target price on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen cut shares of SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. Guggenheim restated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Finally, Morgan Stanley upped their target price on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, SharkNinja currently has an average rating of "Buy" and an average target price of $131.86.

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.