VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of SharkNinja, Inc. (NYSE:SN – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,100 shares of the company’s stock, valued at approximately $2,179,000.
Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in SharkNinja in the 2nd quarter worth $81,134,000. Renaissance Technologies LLC acquired a new stake in shares of SharkNinja in the 1st quarter valued at about $28,709,000. Ranger Investment Management L.P. bought a new stake in shares of SharkNinja in the second quarter valued at about $36,643,000. Wellington Management Group LLP lifted its holdings in shares of SharkNinja by 228.7% in the second quarter. Wellington Management Group LLP now owns 339,476 shares of the company’s stock valued at $51,692,000 after purchasing an additional 236,184 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of SharkNinja by 7,895.4% in the first quarter. The Manufacturers Life Insurance Company now owns 187,491 shares of the company’s stock valued at $19,855,000 after purchasing an additional 185,146 shares in the last quarter. 34.77% of the stock is owned by institutional investors.
Insider Transactions at SharkNinja
In related news, insider Neil Shah sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the transaction, the insider directly owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 100,000 shares of company stock worth $18,613,911 in the last 90 days. Corporate insiders own 40.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on SN. Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group restated a “buy” rating and issued a $219.10 target price on shares of SharkNinja in a research note on Wednesday, August 12th. Piper Sandler upped their price target on SharkNinja from $200.00 to $234.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. JPMorgan Chase & Co. upped their price target on SharkNinja from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Finally, Guggenheim raised their price target on shares of SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, SharkNinja currently has a consensus rating of “Buy” and an average target price of $198.70.
Check Out Our Latest Analysis on SN
SharkNinja Trading Down 1.6%
SharkNinja stock opened at $209.76 on Wednesday. The firm has a 50-day moving average of $184.11 and a 200-day moving average of $143.59. SharkNinja, Inc. has a one year low of $83.12 and a one year high of $216.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The company has a market cap of $29.55 billion, a price-to-earnings ratio of 42.81, a P/E/G ratio of 2.52 and a beta of 1.21.
SharkNinja (NYSE:SN – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%. SharkNinja’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. On average, equities analysts expect that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.
SharkNinja News Roundup
Here are the key news stories impacting SharkNinja this week:
- Positive Sentiment: Analyst support is a potential tailwind: BTIG initiated coverage with a Buy rating and a $245 price target, while Jefferies sees new products and international growth helping extend the company’s rally. BTIG rating Barron’s analysis
- Positive Sentiment: Zacks described SN as a top-ranked momentum stock, supporting the view that recent performance and investor interest remain strong. Zacks momentum analysis
- Neutral Sentiment: SharkNinja announced a limited-edition Ninja Luxe Café Pro espresso machine designed with Jonathan Adler and a holiday campaign featuring its celebrity ambassadors. These launches may help product visibility, but the articles provide no sales or earnings impact. Espresso machine announcement Holiday campaign announcement
- Negative Sentiment: Valuation is a key risk heading into earnings. A GuruFocus valuation estimate cited in an earnings preview suggests 33% downside, and another article highlights growing valuation questions. If results or guidance disappoint, elevated expectations could weigh on shares. Earnings and valuation preview Valuation questions
About SharkNinja
SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.
The company’s portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.
Featured Stories
- Five stocks we like better than SharkNinja
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Receive News & Ratings for SharkNinja Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SharkNinja and related companies with MarketBeat.com's FREE daily email newsletter.
