SharkNinja, Inc. $SN Stock Holdings Boosted by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 20.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,913 shares of the company’s stock after acquiring an additional 3,759 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in SharkNinja were worth $2,169,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WCM Investment Management LLC boosted its stake in shares of SharkNinja by 27.1% during the 1st quarter. WCM Investment Management LLC now owns 221,766 shares of the company’s stock worth $18,633,000 after acquiring an additional 47,339 shares in the last quarter. Encompass More Asset Management boosted its stake in shares of SharkNinja by 39.3% during the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company’s stock worth $654,000 after acquiring an additional 2,209 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after acquiring an additional 155 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of SharkNinja during the 1st quarter worth $350,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of SharkNinja by 504.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company’s stock worth $209,000 after acquiring an additional 2,088 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Down 1.3%

Shares of SharkNinja stock opened at $113.99 on Friday. The firm has a market cap of $16.09 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 2.20 and a beta of 1.68. The stock has a 50-day simple moving average of $115.89 and a 200-day simple moving average of $97.72. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.78 by $0.19. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The firm’s quarterly 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. On average, equities research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SN shares. Guggenheim restated a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Zacks Research upgraded SharkNinja from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 20th. Oppenheimer increased their target price on SharkNinja from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Jefferies Financial Group set a $175.00 target price on SharkNinja in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. increased their target price on SharkNinja from $108.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, SharkNinja presently has a consensus rating of “Buy” and an average target price of $131.86.

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.