SharkNinja, Inc. $SN Position Increased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 80.5% during the third quarter, HoldingsChannel.com reports. The firm owned 7,290 shares of the company’s stock after acquiring an additional 3,252 shares during the period. Park Avenue Securities LLC’s holdings in SharkNinja were worth $1,313,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SN. Bank of New York Mellon Corp purchased a new stake in SharkNinja in the 2nd quarter worth approximately $81,134,000. Renaissance Technologies LLC purchased a new position in shares of SharkNinja during the 1st quarter valued at $28,709,000. Ranger Investment Management L.P. purchased a new position in shares of SharkNinja during the 2nd quarter valued at $36,643,000. Wellington Management Group LLP grew its holdings in shares of SharkNinja by 228.7% during the 2nd quarter. Wellington Management Group LLP now owns 339,476 shares of the company’s stock valued at $51,692,000 after acquiring an additional 236,184 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake 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 worth $19,855,000 after acquiring an additional 185,146 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Activity

In other news, insider Neil Shah sold 50,000 shares of the stock in a transaction dated 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 transaction, the insider owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 100,000 shares of company stock worth $18,613,911. Corporate insiders own 40.80% of the company’s stock.

SharkNinja Trading Up 2.6%

Shares of NYSE:SN opened at $213.35 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $30.06 billion, a PE ratio of 37.96, a P/E/G ratio of 2.34 and a beta of 1.27. SharkNinja, Inc. has a 1 year low of $83.12 and a 1 year high of $216.11. The firm has a fifty day moving average price of $183.58 and a 200 day moving average price of $143.16.

SharkNinja (NYSE:SN) last posted its earnings results 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. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s revenue was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Analysts expect that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages 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. Piper Sandler boosted their target price on SharkNinja from $200.00 to $234.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Weiss Ratings raised SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Bank of America raised their price target on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, UBS Group reiterated a “buy” rating and set a $219.10 price target on shares of SharkNinja in a report on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $198.70.

SharkNinja Profile

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.