Allworth Financial LP Buys 1,531 Shares of SharkNinja, Inc. $SN

Allworth Financial LP boosted its position in SharkNinja, Inc. (NYSE:SN) by 495.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,840 shares of the company’s stock after acquiring an additional 1,531 shares during the period. Allworth Financial LP’s holdings in SharkNinja were worth $182,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in SharkNinja by 2.1% in the first quarter. Envestnet Asset Management Inc. now owns 18,948 shares of the company’s stock worth $1,580,000 after buying an additional 396 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of SharkNinja by 4.5% in the first quarter. Private Advisor Group LLC now owns 17,569 shares of the company’s stock worth $1,465,000 after buying an additional 762 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of SharkNinja by 135.6% in the 1st quarter. IFP Advisors Inc now owns 1,303 shares of the company’s stock worth $109,000 after purchasing an additional 750 shares in the last quarter. GW&K Investment Management LLC raised its position in SharkNinja by 2.1% in the 1st quarter. GW&K Investment Management LLC now owns 270,180 shares of the company’s stock worth $22,536,000 after buying an additional 5,630 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its holdings in SharkNinja by 111.9% in the first quarter. Y Intercept Hong Kong Ltd now owns 20,612 shares of the company’s stock worth $1,719,000 after purchasing an additional 10,884 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Down 0.1%

SN opened at $84.53 on Wednesday. The company has a market capitalization of $11.93 billion, a P/E ratio of 20.87, a PEG ratio of 1.53 and a beta of 1.51. The stock’s fifty day moving average is $97.80 and its two-hundred day moving average is $102.44. 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, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51.

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Oppenheimer reduced their price objective on SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Weiss Ratings cut shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, JPMorgan Chase & Co. reduced their price objective on SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Six 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 company currently has an average rating of “Moderate Buy” and an average price target of $127.57.

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.