SharkNinja, Inc. $SN Position Reduced by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. trimmed its position in SharkNinja, Inc. (NYSE:SN) by 42.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,275 shares of the company’s stock after selling 123,283 shares during the period. Waratah Capital Advisors Ltd. owned approximately 0.12% of SharkNinja worth $16,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its stake in shares of SharkNinja by 5,800.0% in the 1st 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. SVB Wealth LLC bought a new position in SharkNinja during the first quarter valued at about $36,000. New York State Teachers Retirement System bought a new stake in SharkNinja in the second quarter worth about $43,000. CWM LLC lifted its holdings in SharkNinja by 656.7% in the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock valued at $78,000 after acquiring an additional 683 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of 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 purchasing an additional 616 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Morgan Stanley set a $110.00 target price on shares of SharkNinja in a report on Monday, October 27th. Guggenheim reiterated a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. cut their target price on SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, Zacks Research lowered SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Six 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.57.

SharkNinja Price Performance

SN opened at $88.09 on Friday. The firm has a market capitalization of $12.43 billion, a P/E ratio of 21.75, a PEG ratio of 1.60 and a beta of 1.51. The stock has a fifty day moving average of $99.01 and a 200-day moving average of $102.25. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $128.51.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.18. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.62 billion. SharkNinja had a return on equity of 28.93% and a net margin of 9.45%.SharkNinja’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 earnings per share. SharkNinja has set its FY 2025 guidance at 5.050-5.150 EPS. Equities analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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.