SharkNinja, Inc. $SN Position Cut by Aberdeen Group plc

Aberdeen Group plc lowered its position in shares of SharkNinja, Inc. (NYSE:SN) by 19.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 324,817 shares of the company’s stock after selling 78,792 shares during the period. Aberdeen Group plc’s holdings in SharkNinja were worth $32,154,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SN. GAMMA Investing LLC grew its position in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after purchasing an additional 155 shares during the last quarter. Harbour Investments Inc. boosted 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 during the period. SVB Wealth LLC bought a new position in SharkNinja in the 1st quarter worth approximately $36,000. Signaturefd LLC increased its position in SharkNinja by 246.7% in the 2nd quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock valued at $119,000 after acquiring an additional 856 shares during the period. Finally, Covestor Ltd raised its stake in SharkNinja by 96.0% during the 1st quarter. Covestor Ltd now owns 1,258 shares of the company’s stock valued at $105,000 after acquiring an additional 616 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of NYSE:SN opened at $88.45 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. The company has a market capitalization of $12.48 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. The stock has a fifty day moving average of $111.82 and a 200-day moving average of $99.47. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $128.51.

SharkNinja (NYSE:SN) last announced its 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 the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $0.71 earnings per share. SharkNinja’s 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. As a group, equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SN shares. Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. Guggenheim reissued a “buy” rating on shares of SharkNinja in a research note on Friday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of SharkNinja from $136.00 to $131.00 and set an “overweight” rating for the company in a research note on Friday. Weiss Ratings lowered shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, Oppenheimer upped their target price on SharkNinja from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.