SharkNinja, Inc. $SN Stake Raised by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in SharkNinja, Inc. (NYSE:SN) by 80.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,290 shares of the company’s stock after acquiring an additional 3,252 shares during the quarter. Park Avenue Securities LLC’s holdings in SharkNinja were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in shares of SharkNinja by 108.2% in the 3rd quarter. IFP Advisors Inc now owns 177 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares during the last quarter. World Investment Advisors lifted its stake in SharkNinja by 4.6% during the first quarter. World Investment Advisors now owns 2,343 shares of the company’s stock valued at $248,000 after purchasing an additional 103 shares during the last quarter. Signaturefd LLC boosted its holdings in SharkNinja by 22.6% during the third quarter. Signaturefd LLC now owns 635 shares of the company’s stock worth $114,000 after buying an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in SharkNinja by 17.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,013 shares of the company’s stock worth $107,000 after buying an additional 149 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its holdings in SharkNinja by 1.9% during the third quarter. Toth Financial Advisory Corp now owns 8,471 shares of the company’s stock worth $1,526,000 after buying an additional 161 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SharkNinja

In other news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction on 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 in the company, valued at approximately $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 100,000 shares of company stock worth $18,613,911 in the last quarter. Insiders own 40.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Guggenheim upped their price target on SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 6th. UBS Group reissued a “buy” rating and set a $219.10 price objective on shares of SharkNinja in a research note on Wednesday, August 12th. BTIG Research initiated coverage on SharkNinja in a report on Monday. They issued a “buy” rating and a $245.00 target price on the stock. TD Cowen lifted their target price on SharkNinja from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $204.00 target price on shares of SharkNinja in a research report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Buy” and a consensus price target of $198.70.

SharkNinja Trading Up 2.6%

SharkNinja stock opened at $213.35 on Tuesday. SharkNinja, Inc. has a 52 week low of $83.12 and a 52 week high of $216.11. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. The firm has a market capitalization of $30.06 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 2.34 and a beta of 1.27. The company has a 50 day moving average price of $183.58 and a 200 day moving average price of $143.16.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Research analysts forecast that SharkNinja, Inc. will post 5.89 EPS for the current year.

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.