Cwm LLC Purchases 683 Shares of SharkNinja, Inc. $SN

Cwm LLC increased its position in SharkNinja, Inc. (NYSE:SN) by 656.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 787 shares of the company’s stock after purchasing an additional 683 shares during the quarter. Cwm LLC’s holdings in SharkNinja were worth $78,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SN. Federated Hermes Inc. grew its holdings in shares of SharkNinja by 14.7% in the 1st quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company’s stock worth $108,914,000 after purchasing an additional 167,757 shares during the last quarter. Alua Capital Management LP grew its holdings in shares of SharkNinja by 21.8% in the 1st quarter. Alua Capital Management LP now owns 1,269,433 shares of the company’s stock worth $105,883,000 after purchasing an additional 226,944 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of SharkNinja by 50.6% in the 1st quarter. Deutsche Bank AG now owns 591,957 shares of the company’s stock worth $49,375,000 after purchasing an additional 198,873 shares during the last quarter. Third Point LLC bought a new stake in shares of SharkNinja in the 1st quarter worth about $45,876,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of SharkNinja by 169.4% in the 1st 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. 34.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SN. Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of SharkNinja from $136.00 to $131.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Guggenheim reaffirmed a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Zacks Research cut SharkNinja from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Canaccord Genuity Group lifted their price target on SharkNinja from $127.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $128.00.

SharkNinja Stock Performance

SharkNinja stock opened at $85.51 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51. The company has a market cap of $12.07 billion, a PE ratio of 23.36, a PEG ratio of 1.62 and a beta of 1.56. The company’s 50-day moving average is $104.58 and its two-hundred day moving average is $101.50.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company posted $0.71 EPS. The company’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. Equities analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja 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.