6,098 Shares in SharkNinja, Inc. $SN Purchased by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the second quarter, Holdings Channel reports. The firm acquired 6,098 shares of the company’s stock, valued at approximately $604,000.

A number of other hedge funds have also added to or reduced their stakes in SN. Boothe Investment Group Inc. bought a new stake in shares of SharkNinja during the second quarter valued at approximately $3,122,000. GLOBALT Investments LLC GA increased its holdings in SharkNinja by 43.9% during the 2nd quarter. GLOBALT Investments LLC GA now owns 9,264 shares of the company’s stock worth $917,000 after purchasing an additional 2,824 shares during the period. Ethic Inc. bought a new stake in SharkNinja during the 2nd quarter valued at $303,000. Aurora Investment Counsel purchased a new stake in shares of SharkNinja in the 2nd quarter worth $1,366,000. Finally, WCM Investment Management LLC lifted its holdings in shares of SharkNinja by 159.7% in the 2nd quarter. WCM Investment Management LLC now owns 575,867 shares of the company’s stock worth $55,571,000 after buying an additional 354,101 shares during the period. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research downgraded shares of SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a report on Friday. Oppenheimer dropped their price objective on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Finally, Guggenheim reissued a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of $126.71.

SharkNinja Stock Down 0.2%

SharkNinja stock opened at $96.63 on Monday. The business’s 50-day moving average price is $107.13 and its 200 day moving average price is $100.69. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.56. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.19. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.SharkNinja’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current 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.