SharkNinja, Inc. $SN Position Lowered by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. trimmed its position in SharkNinja, Inc. (NYSE:SN) by 76.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,294 shares of the company’s stock after selling 14,298 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in SharkNinja were worth $443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Abrams Bison Investments LLC raised its stake in SharkNinja by 20.3% during the second quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock valued at $175,707,000 after buying an additional 300,000 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of SharkNinja by 14.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company’s stock worth $139,056,000 after acquiring an additional 174,967 shares in the last quarter. Greenvale Capital LLP grew its position in shares of SharkNinja by 26.2% in the 2nd quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock worth $133,636,000 after acquiring an additional 280,000 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of SharkNinja by 39.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock valued at $132,422,000 after acquiring an additional 377,544 shares during the last quarter. Finally, Third Point LLC raised its position in shares of SharkNinja by 118.2% during the 2nd quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock valued at $118,788,000 after acquiring an additional 650,000 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Oppenheimer raised their price objective on SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Weiss Ratings reissued a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. Cantor Fitzgerald restated an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Finally, Bank of America boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $145.78.

SharkNinja Price Performance

NYSE SN opened at $111.05 on Monday. The company has a 50-day moving average price of $121.39 and a two-hundred day moving average price of $109.55. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $133.99. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.48 and a beta of 1.39. The company has a current ratio of 2.04, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. Analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total transaction of $299,623.20. Following the sale, the chief financial officer owned 8,673 shares of the company’s stock, valued at $991,844.28. The trade was a 23.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

SharkNinja 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.