Wealth Enhancement Advisory Services LLC Invests $231,000 in SharkNinja, Inc. $SN

Wealth Enhancement Advisory Services LLC bought a new position in SharkNinja, Inc. (NYSE:SN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,154 shares of the company’s stock, valued at approximately $231,000.

A number of other large investors also recently modified their holdings of the company. Federated Hermes Inc. boosted its position in shares of SharkNinja by 14.7% in the first quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company’s stock valued at $108,914,000 after acquiring an additional 167,757 shares during the period. Alua Capital Management LP boosted its position in shares of SharkNinja by 21.8% in the first quarter. Alua Capital Management LP now owns 1,269,433 shares of the company’s stock valued at $105,883,000 after acquiring an additional 226,944 shares during the period. Deutsche Bank AG boosted its position in shares of SharkNinja by 50.6% in the first quarter. Deutsche Bank AG now owns 591,957 shares of the company’s stock valued at $49,375,000 after acquiring an additional 198,873 shares during the period. Third Point LLC bought a new position in shares of SharkNinja in the first quarter valued at approximately $45,876,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of SharkNinja by 169.4% in the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after acquiring an additional 317,730 shares during the period. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Price Performance

Shares of NYSE:SN opened at $88.45 on Friday. The stock has a market cap of $12.48 billion, a PE ratio of 24.17, a PEG ratio of 1.70 and a beta of 1.56. The company’s fifty day moving average is $111.82 and its 200 day moving average is $99.31. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51. 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 issued its 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SN. Guggenheim restated a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Oppenheimer raised their price objective 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 raised their price objective 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 lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings lowered shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

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.