Elevation Point Wealth Partners LLC Purchases Shares of 5,717 SharkNinja, Inc. $SN

Elevation Point Wealth Partners LLC purchased a new position in SharkNinja, Inc. (NYSE:SNFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,717 shares of the company’s stock, valued at approximately $605,000.

A number of other large investors have also modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of SharkNinja by 21.8% during the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after acquiring an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in SharkNinja in the 1st quarter worth approximately $369,000. Goldman Sachs Group Inc. grew its position in SharkNinja by 169.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after purchasing an additional 317,730 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in SharkNinja by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after purchasing an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in SharkNinja during the 1st quarter valued at approximately $656,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total value of $782,091.31. Following the sale, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 40.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SN has been the subject of several research reports. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Piper Sandler started coverage on SharkNinja in a research report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 target price on the stock. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Finally, Guggenheim boosted their price target on SharkNinja from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

Read Our Latest Research Report on SN

SharkNinja Stock Up 1.4%

NYSE:SN opened at $151.05 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. The company’s fifty day moving average price is $125.43 and its 200-day moving average price is $119.42. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $154.04. The firm has a market capitalization of $21.38 billion, a P/E ratio of 30.45, a PEG ratio of 2.00 and a beta of 1.22.

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

SharkNinja 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.

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Institutional Ownership by Quarter for SharkNinja (NYSE:SN)

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