SharkNinja, Inc. $SN Shares Bought by Signaturefd LLC

Signaturefd LLC increased its stake in SharkNinja, Inc. (NYSE:SN) by 246.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,203 shares of the company’s stock after purchasing an additional 856 shares during the period. Signaturefd LLC’s holdings in SharkNinja were worth $119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after buying an additional 155 shares during the period. Harbour Investments Inc. boosted its holdings in shares of SharkNinja by 5,800.0% during the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock valued at $34,000 after acquiring an additional 406 shares during the period. SVB Wealth LLC bought a new position in shares of SharkNinja during the first quarter worth about $36,000. Covestor Ltd increased its holdings in shares of SharkNinja by 96.0% in the 1st quarter. Covestor Ltd now owns 1,258 shares of the company’s stock worth $105,000 after acquiring an additional 616 shares during the period. Finally, Quarry LP increased its holdings in shares of SharkNinja by 165.3% in the 1st quarter. Quarry LP now owns 1,268 shares of the company’s stock worth $106,000 after acquiring an additional 790 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SN. JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $142.00 to $136.00 and set an “overweight” rating for the company in a research report on Tuesday, September 30th. Guggenheim reissued a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Oppenheimer raised their target price on SharkNinja from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of SharkNinja in a research report on Saturday, September 27th. Finally, Zacks Research raised SharkNinja from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $130.71.

SharkNinja Trading Down 3.1%

Shares of SharkNinja stock opened at $97.99 on Friday. The business has a fifty day simple moving average of $114.39 and a 200-day simple moving average of $99.34. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 1.86 and a beta of 1.56. 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 (NYSE:SN) last released its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $0.71 earnings per share. SharkNinja’s 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, equities analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.