Edgestream Partners L.P. Takes $3.46 Million Position in SharkNinja, Inc. $SN

Edgestream Partners L.P. purchased a new position in SharkNinja, Inc. (NYSE:SN) during the 1st quarter, HoldingsChannel reports. The fund purchased 32,653 shares of the company’s stock, valued at approximately $3,458,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FIL Ltd grew its stake in SharkNinja by 2.2% during the 4th quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after acquiring an additional 48,163 shares in the last quarter. Palestra Capital Management LLC lifted its stake in SharkNinja by 10.3% in the 3rd quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after purchasing an additional 130,121 shares in the last quarter. Alliancebernstein L.P. lifted its stake in SharkNinja by 39.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after purchasing an additional 377,544 shares in the last quarter. Parsifal Capital Management LP acquired a new position in shares of SharkNinja during the 3rd quarter worth approximately $111,773,000. Finally, Morgan Stanley boosted its holdings in shares of SharkNinja by 191.3% during the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after purchasing an additional 709,494 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on SN. JPMorgan Chase & Co. increased their price target on SharkNinja from $146.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Piper Sandler boosted their price objective on SharkNinja from $150.00 to $181.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen boosted their price objective on SharkNinja from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Bank of America upped their target price on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Finally, Guggenheim raised their target price on SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $167.90.

Insider Activity at SharkNinja

In other news, CFO Adam Quigley sold 6,923 shares of the company’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 transaction, the chief financial officer owned 1,750 shares of the company’s stock, valued at $197,697.50. This represents a 79.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 40.80% of the stock is currently owned by company insiders.

SharkNinja Stock Down 0.7%

SN stock opened at $162.18 on Friday. SharkNinja, Inc. has a one year low of $83.12 and a one year high of $164.37. The firm has a market cap of $22.95 billion, a PE ratio of 32.70, a PEG ratio of 2.12 and a beta of 1.22. The firm’s 50 day moving average price is $140.60 and its 200-day moving average price is $124.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, equities research analysts anticipate that SharkNinja, Inc. will post 5.77 EPS for the current year.

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.