Regal Partners Ltd acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,184 shares of the company’s stock, valued at approximately $443,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Utah Retirement Systems grew its holdings in SharkNinja by 2.3% in the 4th quarter. Utah Retirement Systems now owns 4,417 shares of the company’s stock worth $494,000 after acquiring an additional 98 shares during the last quarter. World Investment Advisors increased its position in shares of SharkNinja by 4.6% in the first quarter. World Investment Advisors now owns 2,343 shares of the company’s stock valued at $248,000 after acquiring an additional 103 shares during the period. Xponance LLC raised its stake in shares of SharkNinja by 1.9% during the fourth quarter. Xponance LLC now owns 5,584 shares of the company’s stock valued at $625,000 after acquiring an additional 106 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of SharkNinja by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after acquiring an additional 110 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of SharkNinja by 16.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock worth $97,000 after purchasing an additional 123 shares during the period. Institutional investors own 34.77% of the company’s stock.
Insiders Place Their Bets
In related news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction on Friday, May 8th. The stock was sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 40.80% of the company’s stock.
SharkNinja Stock Up 4.3%
SharkNinja (NYSE:SN – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, research analysts anticipate that SharkNinja, Inc. will post 5.77 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on SN. Bank of America lifted their price objective on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Oppenheimer raised their price target on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. TD Cowen lifted their price target on shares of SharkNinja from $145.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $161.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 13th. One equities 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.80.
Get Our Latest Analysis on SharkNinja
SharkNinja Company Profile
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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