SharkNinja, Inc. $SN Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 12.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,687 shares of the company’s stock after selling 22,804 shares during the period. Thornburg Investment Management Inc. owned approximately 0.12% of SharkNinja worth $17,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new stake in SharkNinja in the third quarter worth about $29,000. TFC Financial Management Inc. purchased a new position in shares of SharkNinja in the 3rd quarter valued at approximately $55,000. EverSource Wealth Advisors LLC raised its position in shares of SharkNinja by 2,071.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock valued at $69,000 after purchasing an additional 663 shares during the last quarter. CWM LLC boosted its stake in SharkNinja by 656.7% in the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after purchasing an additional 683 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in SharkNinja in the 3rd quarter worth approximately $97,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Up 0.5%

SharkNinja stock opened at $128.79 on Thursday. The firm has a market cap of $18.18 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $133.99. The business’s 50-day moving average price is $120.85 and its 200 day moving average price is $109.65. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. SharkNinja had a return on equity of 32.30% and a net margin of 10.96%.SharkNinja’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period 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. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Ratings Changes

SN has been the topic of a number of recent analyst reports. Morgan Stanley set a $128.00 price target on shares of SharkNinja in a research note on Thursday, February 12th. Guggenheim boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Oppenheimer raised their target price 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 reaffirmed a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price target on SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $145.78.

About SharkNinja

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.