Voya Investment Management LLC Has $20.26 Million Stake in SharkNinja, Inc. $SN

Key Points

• Voya Investment Management LLC significantly increased its stake in SharkNinja by 1,744.6% in the first quarter, acquiring a total of 242,893 shares valued at about $20.26 million.
• Despite a recent 1.3% decrease in stock price, SharkNinja's quarterly earnings surpassed analysts' expectations, reporting $1.44 billion in revenue and an EPS of $0.97.
• Analysts have mixed ratings on SharkNinja stocks, with a consensus rating of "Buy" and a target price averaging $131.86, reflecting varying confidence in the company's growth prospects.

Voya Investment Management LLC lifted its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 1,744.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 242,893 shares of the company's stock after acquiring an additional 229,725 shares during the period. Voya Investment Management LLC owned 0.17% of SharkNinja worth $20,260,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in SN. 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 valued at $30,000 after purchasing an additional 155 shares during the period. Harbour Investments Inc. boosted its stake in SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after buying an additional 406 shares in the last quarter. SVB Wealth LLC acquired a new stake in SharkNinja in the 1st quarter valued at $36,000. Continuum Advisory LLC boosted its stake in SharkNinja by 6,875.0% in the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after buying an additional 550 shares in the last quarter. Finally, Covestor Ltd boosted its stake in SharkNinja by 96.0% in the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock valued at $105,000 after buying an additional 616 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SN shares. Wall Street Zen lowered SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Zacks Research raised SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Oppenheimer upped their price target on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Canaccord Genuity Group upped their price objective on SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $131.86.

SharkNinja Stock Down 1.3%

SN stock opened at $113.99 on Monday. The business has a 50-day moving average of $115.89 and a 200-day moving average of $97.68. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two 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 capitalization of $16.09 billion, a P/E ratio of 31.15, a P/E/G ratio of 2.16 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.97 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 firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The business's quarterly revenue was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share 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.

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