SharkNinja, Inc. $SN is Tyro Capital Management LLC’s 5th Largest Position

Tyro Capital Management LLC grew its holdings in SharkNinja, Inc. (NYSE:SN) by 100.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,803 shares of the company’s stock after buying an additional 109,038 shares during the period. SharkNinja accounts for about 8.5% of Tyro Capital Management LLC’s holdings, making the stock its 5th biggest holding. Tyro Capital Management LLC’s holdings in SharkNinja were worth $21,560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Harbour Investments Inc. boosted its holdings in shares of SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 406 shares during the last quarter. SVB Wealth LLC acquired a new position in SharkNinja during the first quarter worth $36,000. New York State Teachers Retirement System purchased a new stake in SharkNinja in the 2nd quarter valued at $43,000. CWM LLC increased its stake in shares of SharkNinja by 656.7% in the 2nd 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, Covestor Ltd boosted its holdings in SharkNinja by 96.0% in 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 during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Oppenheimer dropped their price target on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Canaccord Genuity Group lifted their price objective on SharkNinja from $136.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Weiss Ratings downgraded shares of SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Guggenheim restated a “buy” rating on shares of SharkNinja in a report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.57.

SharkNinja Stock Down 3.1%

Shares of NYSE:SN opened at $91.87 on Wednesday. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The stock has a market cap of $12.97 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.75 and a beta of 1.52. The firm has a fifty day moving average price of $100.68 and a 200 day moving average price of $102.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.96 and a quick ratio of 1.26.

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

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.