Harbour Investments Inc. Grows Stock Holdings in SharkNinja, Inc. $SN

Harbour Investments Inc. increased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 362.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,908 shares of the company’s stock after buying an additional 1,495 shares during the period. Harbour Investments Inc.’s holdings in SharkNinja were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP raised its position in 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 acquiring an additional 144 shares during the last quarter. GAMMA Investing LLC raised its position in SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Xponance Inc. raised its position in SharkNinja by 5.4% during the first quarter. Xponance Inc. now owns 4,273 shares of the company’s stock worth $356,000 after acquiring an additional 220 shares during the last quarter. Envestnet Asset Management Inc. raised its position in 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 acquiring an additional 396 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in SharkNinja during the first quarter worth about $36,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

NYSE:SN opened at $91.18 on Thursday. The firm has a 50 day simple moving average of $108.03 and a 200-day simple moving average of $99.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. The firm has a market cap of $12.87 billion, a PE ratio of 24.91, a P/E/G ratio of 1.78 and a beta of 1.56. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share 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 business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business posted $0.71 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, equities analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Ratings Changes

SN has been the subject of a number of research reports. Guggenheim restated a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Oppenheimer cut their target price on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research report on Monday, June 30th. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $127.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Zacks Research lowered shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and a consensus price target of $126.71.

About SharkNinja

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.