SharkNinja, Inc. $SN Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in shares of SharkNinja, Inc. (NYSE:SN) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 237,076 shares of the company’s stock after selling 26,464 shares during the quarter. Bank of New York Mellon Corp owned about 0.17% of SharkNinja worth $23,468,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of SharkNinja by 2.1% in the first quarter. Envestnet Asset Management Inc. now owns 18,948 shares of the company’s stock valued at $1,580,000 after purchasing an additional 396 shares during the period. Xponance Inc. lifted its position in shares of SharkNinja by 5.4% during the 1st quarter. Xponance Inc. now owns 4,273 shares of the company’s stock valued at $356,000 after acquiring an additional 220 shares during the period. Forum Financial Management LP lifted its position in shares of SharkNinja by 5.3% during the 1st quarter. Forum Financial Management LP now owns 2,872 shares of the company’s stock valued at $240,000 after acquiring an additional 144 shares during the period. Jennison Associates LLC purchased a new stake in shares of SharkNinja during the 1st quarter worth approximately $21,336,000. Finally, Private Advisor Group LLC grew its holdings in shares of SharkNinja by 4.5% in the 1st quarter. Private Advisor Group LLC now owns 17,569 shares of the company’s stock worth $1,465,000 after acquiring an additional 762 shares during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SN shares. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $131.00 to $126.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Guggenheim restated a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Zacks Research lowered shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Oppenheimer dropped their target price on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, October 21st. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.57.

SharkNinja Stock Down 3.5%

SN opened at $88.09 on Friday. The firm has a market cap of $12.43 billion, a P/E ratio of 21.75, a PEG ratio of 1.60 and a beta of 1.51. The business’s fifty day simple moving average is $99.01 and its 200 day simple moving average is $102.25. 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 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, November 6th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.18. SharkNinja had a net margin of 9.45% and a return on equity of 28.93%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $1.21 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.050-5.150 EPS. As a group, equities research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.