Vestmark Advisory Solutions Inc. Makes New Investment in SharkNinja, Inc. $SN

Vestmark Advisory Solutions Inc. acquired a new stake in SharkNinja, Inc. (NYSE:SN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,691 shares of the company’s stock, valued at approximately $365,000.

A number of other large investors also recently added to or reduced their stakes in SN. First Eagle Investment Management LLC bought a new stake in SharkNinja in the second quarter worth $256,000. Savant Capital LLC bought a new position in SharkNinja in the second quarter worth $649,000. Yelin Lapidot Holdings Management Ltd. raised its holdings in SharkNinja by 6.0% in the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 26,400 shares of the company’s stock worth $2,613,000 after purchasing an additional 1,500 shares in the last quarter. Black Swift Group LLC purchased a new position in SharkNinja during the second quarter valued at $2,079,000. Finally, Nixon Capital LLC bought a new stake in shares of SharkNinja during the 2nd quarter valued at $14,026,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of NYSE SN opened at $93.24 on Thursday. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $128.51. The firm has a market capitalization of $13.16 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.70 and a beta of 1.51. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $100.20 and a 200 day moving average of $102.12.

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

Analyst Upgrades and Downgrades

SN has been the subject of a number of recent research reports. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley set a $110.00 target price on shares of SharkNinja in a report on Monday, October 27th. Oppenheimer reduced their price objective on SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Zacks Research downgraded SharkNinja from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Canaccord Genuity Group increased their price objective on shares of SharkNinja from $136.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.57.

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.