Cannell & Spears LLC Has $14.99 Million Holdings in SharkNinja, Inc. $SN

Cannell & Spears LLC cut its position in shares of SharkNinja, Inc. (NYSE:SN) by 63.8% in the third quarter, Holdings Channel reports. The firm owned 145,329 shares of the company’s stock after selling 255,701 shares during the period. Cannell & Spears LLC’s holdings in SharkNinja were worth $14,991,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $29,000. TFC Financial Management Inc. bought a new position in SharkNinja during the third quarter valued at approximately $55,000. EverSource Wealth Advisors LLC raised its position in SharkNinja by 2,071.9% during the second quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock valued at $69,000 after acquiring an additional 663 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in SharkNinja in the third quarter valued at approximately $97,000. Finally, Allworth Financial LP lifted its stake in SharkNinja by 495.5% in the second quarter. Allworth Financial LP now owns 1,840 shares of the company’s stock valued at $182,000 after acquiring an additional 1,531 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SN shares. Bank of America increased their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Canaccord Genuity Group set a $160.00 price objective on shares of SharkNinja in a research note on Thursday, February 12th. JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Oppenheimer increased their target price on shares of SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Guggenheim raised their target price on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average target price of $145.78.

Insider Buying and Selling

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.12% of the stock is owned by company insiders.

SharkNinja Trading Down 1.7%

Shares of SN stock opened at $99.99 on Friday. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $133.99. The company has a market cap of $14.12 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.39. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $120.80 and its two-hundred day moving average is $109.26.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. 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 earned $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. Equities analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.