SharkNinja, Inc. $SN Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its holdings in SharkNinja, Inc. by 71.4% during the first quarter, now owning approximately $13.1 million worth of shares.
• SharkNinja reported quarterly earnings of $0.97 per share, exceeding analyst expectations, with a revenue of $1.44 billion for the period.
• Institutional and hedge funds collectively own 34.77% of SharkNinja's stock, with various firms significantly adjusting their holdings during the recent quarters.

Wellington Management Group LLP lessened its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 71.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 157,115 shares of the company's stock after selling 392,653 shares during the quarter. Wellington Management Group LLP owned approximately 0.11% of SharkNinja worth $13,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SN. GAMMA Investing LLC boosted its position in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after acquiring an additional 155 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of 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 purchasing an additional 406 shares during the period. Quarry LP acquired a new stake in shares of SharkNinja in the 4th quarter valued at about $47,000. Continuum Advisory LLC boosted its position in shares of 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 purchasing an additional 550 shares during the period. Finally, Covestor Ltd boosted its position in shares of 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 purchasing an additional 616 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Up 0.7%

Shares of NYSE SN traded up $0.83 during midday trading on Monday, reaching $117.08. 1,250,397 shares of the company's stock were exchanged, compared to its average volume of 1,648,581. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51. The stock has a market capitalization of $16.53 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 2.22 and a beta of 1.68. 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 business's fifty day moving average price is $112.39 and its two-hundred day moving average price is $97.04.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.19. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The company's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. 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 year.

Analyst Ratings Changes

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