Verition Fund Management LLC Buys 64,027 Shares of SharkNinja, Inc. $SN

Verition Fund Management LLC raised its stake in SharkNinja, Inc. (NYSE:SN) by 63.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 165,048 shares of the company’s stock after buying an additional 64,027 shares during the period. Verition Fund Management LLC owned about 0.12% of SharkNinja worth $18,469,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SN. Larson Financial Group LLC lifted its stake in shares of SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the period. Transamerica Financial Advisors LLC lifted its stake in shares of SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of SharkNinja in the 4th quarter valued at about $38,000. Sunbelt Securities Inc. acquired a new position in shares of SharkNinja in the 3rd quarter valued at about $46,000. Finally, Quarry LP acquired a new position in shares of SharkNinja in the 3rd quarter valued at about $59,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of NYSE:SN opened at $133.51 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $139.50. The stock’s 50 day moving average is $115.85 and its 200-day moving average is $115.25. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 1.80 and a beta of 1.35.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, topping 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. SharkNinja’s revenue for the quarter was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Sell-side analysts forecast that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

Insider Buying and Selling at SharkNinja

In other news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 40.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SN. National Bank Financial set a $145.00 price objective on SharkNinja in a research note on Tuesday, March 17th. Canaccord Genuity Group boosted 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. Piper Sandler began coverage on SharkNinja in a research note on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Finally, Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.00.

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.