Allspring Global Investments Holdings LLC Acquires Shares of 83,974 SharkNinja, Inc. $SN

Allspring Global Investments Holdings LLC acquired a new stake in SharkNinja, Inc. (NYSE:SN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 83,974 shares of the company’s stock, valued at approximately $8,335,000.

Several other large investors also recently bought and sold shares of the company. Forum Financial Management LP grew its position in shares of SharkNinja by 5.3% during the first quarter. Forum Financial Management LP now owns 2,872 shares of the company’s stock worth $240,000 after buying an additional 144 shares in the last quarter. GAMMA Investing LLC grew its position in shares of SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after buying an additional 155 shares in the last quarter. Xponance Inc. grew its position in shares of SharkNinja by 5.4% during the first quarter. Xponance Inc. now owns 4,273 shares of the company’s stock worth $356,000 after buying an additional 220 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of SharkNinja by 2.1% during 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. Finally, Harbour Investments Inc. grew its position in shares of SharkNinja by 5,800.0% during the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after buying an additional 406 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of SN opened at $94.03 on Monday. The business’s fifty day moving average price is $109.54 and its 200 day moving average price is $99.85. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $128.51. The stock has a market capitalization of $13.27 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.79 and a beta of 1.56. 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 data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SN. Guggenheim reissued a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Oppenheimer raised their price target on shares of SharkNinja from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research report on Monday, June 30th. Weiss Ratings downgraded shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, Zacks Research cut SharkNinja from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

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.