WCM Investment Management LLC Raises Holdings in SharkNinja, Inc. $SN

WCM Investment Management LLC lifted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 159.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575,867 shares of the company’s stock after purchasing an additional 354,101 shares during the period. WCM Investment Management LLC owned about 0.41% of SharkNinja worth $55,571,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. New York State Teachers Retirement System purchased a new position in shares of SharkNinja during the 2nd quarter worth approximately $43,000. Harbour Investments Inc. boosted its position in SharkNinja by 362.0% during the second quarter. Harbour Investments Inc. now owns 1,908 shares of the company’s stock worth $189,000 after acquiring an additional 1,495 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in SharkNinja during the second quarter worth approximately $8,335,000. CWM LLC boosted its position in SharkNinja by 656.7% during the second quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after acquiring an additional 683 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in SharkNinja during the second quarter worth approximately $281,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Up 3.7%

Shares of SN opened at $94.79 on Thursday. The firm has a market cap of $13.38 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.74 and a beta of 1.56. The company’s fifty day moving average is $110.41 and its two-hundred day moving average is $99.42. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN) last announced its quarterly earnings results 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. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. SharkNinja’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

SN has been the topic of a number of analyst reports. Canaccord Genuity Group raised their target price on shares of SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Zacks Research lowered shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings lowered shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Oppenheimer raised their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of SharkNinja from $136.00 to $131.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

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.