American Century Companies Inc. Decreases Position in SharkNinja, Inc. $SN

American Century Companies Inc. lessened its stake in shares of SharkNinja, Inc. (NYSE:SN) by 98.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,874 shares of the company’s stock after selling 287,599 shares during the quarter. American Century Companies Inc.’s holdings in SharkNinja were worth $490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SN. Stifel Financial Corp raised its holdings in SharkNinja by 11.7% during the 4th quarter. Stifel Financial Corp now owns 5,352 shares of the company’s stock valued at $521,000 after buying an additional 562 shares during the period. Northern Trust Corp raised its stake in shares of SharkNinja by 14.5% in the fourth quarter. Northern Trust Corp now owns 131,285 shares of the company’s stock valued at $12,782,000 after acquiring an additional 16,607 shares during the period. Driehaus Capital Management LLC raised its stake in shares of SharkNinja by 164.4% in the fourth quarter. Driehaus Capital Management LLC now owns 186,126 shares of the company’s stock valued at $18,121,000 after acquiring an additional 115,724 shares during the period. Deutsche Bank AG raised its position in SharkNinja by 35.3% in the 4th quarter. Deutsche Bank AG now owns 393,084 shares of the company’s stock worth $38,271,000 after purchasing an additional 102,495 shares during the period. Finally, Greenvale Capital LLP purchased a new stake in SharkNinja in the 4th quarter worth about $73,020,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of SN stock opened at $117.25 on Friday. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 2.30 and a beta of 1.68. The company’s 50 day moving average is $114.79 and its 200 day moving average is $97.49. 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, 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. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.71 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. The Goldman Sachs Group increased their target price on SharkNinja from $100.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Jefferies Financial Group set a $175.00 target price on SharkNinja in a research note on Monday, June 30th. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Canaccord Genuity Group raised their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $131.86.

SharkNinja 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.