Ethic Inc. Makes New Investment in SharkNinja, Inc. $SN

Ethic Inc. bought a new position in SharkNinja, Inc. (NYSE:SN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,140 shares of the company’s stock, valued at approximately $303,000.

Several other hedge funds have also added to or reduced their stakes in SN. Third Point LLC bought a new stake in SharkNinja in the first quarter worth $45,876,000. WCM Investment Management LLC boosted its holdings in SharkNinja by 159.7% in the second quarter. WCM Investment Management LLC now owns 575,867 shares of the company’s stock worth $55,571,000 after acquiring an additional 354,101 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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 worth $42,147,000 after purchasing an additional 317,730 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of SharkNinja in the first quarter worth $21,336,000. Finally, Voya Investment Management LLC raised its stake in shares of SharkNinja by 1,744.6% in the first quarter. Voya Investment Management LLC now owns 242,893 shares of the company’s stock worth $20,260,000 after purchasing an additional 229,725 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Down 8.4%

SharkNinja stock opened at $87.44 on Friday. The stock has a market cap of $12.34 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $128.51. The stock has a fifty day moving average of $105.20 and a 200 day moving average of $101.05.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.19. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.SharkNinja’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, sell-side analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Oppenheimer decreased their price target on SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a research note on Tuesday, October 21st. Canaccord Genuity Group boosted their price target on SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Zacks Research cut SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings cut SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average target price of $128.00.

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.