Verition Fund Management LLC Raises Position in SharkNinja, Inc. $SN

Verition Fund Management LLC raised its stake in SharkNinja, Inc. (NYSE:SN) by 63.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 165,048 shares of the company’s stock after buying an additional 64,027 shares during the quarter. Verition Fund Management LLC’s holdings in SharkNinja were worth $18,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MML Investors Services LLC raised its stake in shares of SharkNinja by 55.1% in the fourth quarter. MML Investors Services LLC now owns 7,385 shares of the company’s stock worth $826,000 after purchasing an additional 2,625 shares during the last quarter. Mariner LLC raised its stake in shares of SharkNinja by 8.6% in the fourth quarter. Mariner LLC now owns 7,780 shares of the company’s stock worth $869,000 after purchasing an additional 614 shares during the last quarter. Focus Partners Wealth raised its stake in shares of SharkNinja by 51.4% in the fourth quarter. Focus Partners Wealth now owns 114,546 shares of the company’s stock worth $12,818,000 after purchasing an additional 38,886 shares during the last quarter. Kennedy Capital Management LLC raised its stake in shares of SharkNinja by 0.8% in the fourth quarter. Kennedy Capital Management LLC now owns 102,519 shares of the company’s stock worth $11,472,000 after purchasing an additional 839 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of SharkNinja in the fourth quarter worth approximately $5,963,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

NYSE:SN opened at $133.51 on Tuesday. 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 business has a fifty day simple moving average of $115.85 and a two-hundred day simple moving average of $115.25. SharkNinja, Inc. has a 1 year low of $83.12 and a 1 year high of $139.50. The company has a market capitalization of $18.89 billion, a P/E ratio of 26.92, a P/E/G ratio of 1.80 and a beta of 1.35.

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

Insider Transactions at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the firm’s 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 directly owned 1,750 shares of the company’s stock, valued at $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 40.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SN shares. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group upped their target price on SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their target price on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

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.