SharkNinja, Inc. $SN Shares Bought by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 108.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,961 shares of the company’s stock after acquiring an additional 4,667 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in SharkNinja were worth $1,003,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SN. Royal Bank of Canada increased its stake in SharkNinja by 21.8% during the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock worth $5,995,000 after acquiring an additional 12,851 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in SharkNinja during the first quarter worth $369,000. Goldman Sachs Group Inc. increased its stake in SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after acquiring an additional 317,730 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in SharkNinja by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after acquiring an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in SharkNinja during the first quarter worth $656,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Buying and Selling

In related news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the transaction, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at $197,697.50. The trade was a 79.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 40.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SN has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Piper Sandler initiated coverage on SharkNinja in a research note on Tuesday. They set an “overweight” rating and a $150.00 target price for the company. National Bank Financial set a $145.00 target price on SharkNinja in a research note on Tuesday, March 17th. Canaccord Genuity Group lifted their price objective on SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Trading Down 1.4%

Shares of NYSE SN opened at $133.73 on Friday. SharkNinja, Inc. has a twelve month low of $80.69 and a twelve month high of $138.00. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $115.27 and a 200-day simple moving average of $114.78. The stock has a market capitalization of $18.93 billion, a PE ratio of 26.96, a PEG ratio of 1.82 and a beta of 1.34.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, beating 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 analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The company’s revenue 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, equities analysts forecast that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

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.