Goodnow Investment Group LLC Invests $16.51 Million in SharkNinja, Inc. $SN

Goodnow Investment Group LLC bought a new stake in SharkNinja, Inc. (NYSE:SNFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 147,543 shares of the company’s stock, valued at approximately $16,510,000. SharkNinja makes up about 1.5% of Goodnow Investment Group LLC’s investment portfolio, making the stock its 17th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SN. Waratah Capital Advisors Ltd. boosted its stake in shares of SharkNinja by 84.1% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 306,133 shares of the company’s stock worth $31,578,000 after buying an additional 139,858 shares during the last quarter. Wealth High Governance Capital Ltda acquired a new stake in shares of SharkNinja in the fourth quarter valued at about $17,072,000. Dorsal Capital Management LP raised its holdings in SharkNinja by 14.7% during the third quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock worth $100,571,000 after acquiring an additional 125,000 shares in the last quarter. Magnetar Financial LLC bought a new stake in SharkNinja during the third quarter worth about $2,859,000. Finally, Envestnet Asset Management Inc. boosted its position in SharkNinja by 76.9% during the third quarter. Envestnet Asset Management Inc. now owns 29,729 shares of the company’s stock valued at $3,067,000 after purchasing an additional 12,922 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

NYSE:SN opened at $133.51 on Tuesday. SharkNinja, Inc. has a 12-month low of $83.12 and a 12-month high of $139.50. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.80 and a beta of 1.35. The stock’s 50 day moving average price is $115.85 and its two-hundred day moving average price is $115.25. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25.

SharkNinja (NYSE:SNGet Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, analysts anticipate that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SN shares. Piper Sandler assumed coverage on SharkNinja in a research note on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. National Bank Financial set a $145.00 price objective on SharkNinja in a report on Tuesday, March 17th. JPMorgan Chase & Co. raised their target price on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

Read Our Latest Report on SharkNinja

Insider Buying and Selling

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction on Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the transaction, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 40.80% of the stock is currently owned by company insiders.

SharkNinja Company Profile

(Free Report)

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.

See Also

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Institutional Ownership by Quarter for SharkNinja (NYSE:SN)

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