Strs Ohio Invests $1.04 Million in SharkNinja, Inc. $SN

Strs Ohio purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,471 shares of the company’s stock, valued at approximately $1,040,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new stake in SharkNinja during the first quarter valued at about $656,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in SharkNinja by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after purchasing an additional 3,632 shares in the last quarter. First Dallas Securities Inc. boosted its position in SharkNinja by 2.7% during the first quarter. First Dallas Securities Inc. now owns 23,905 shares of the company’s stock valued at $1,994,000 after purchasing an additional 630 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after purchasing an additional 317,730 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in SharkNinja during the first quarter valued at about $1,703,000. Institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research raised SharkNinja from a “hold” rating to a “strong-buy” rating in a research report 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 report on Monday, July 28th. JPMorgan Chase & Co. raised their price objective on SharkNinja from $108.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Canaccord Genuity Group increased their price target on SharkNinja from $127.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. One investment 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. Based on data from MarketBeat.com, SharkNinja has a consensus rating of “Buy” and an average price target of $131.86.

SharkNinja Trading Up 2.7%

Shares of NYSE:SN opened at $117.00 on Friday. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 31.97, a PEG ratio of 2.16 and a beta of 1.68. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $116.44 and a 200-day moving average price of $98.09.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. 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.