Raiffeisen Bank International AG Raises Stake in SharkNinja, Inc. $SN

Raiffeisen Bank International AG lifted its stake in SharkNinja, Inc. (NYSE:SN) by 170.8% during the second quarter, HoldingsChannel reports. The firm owned 216,632 shares of the company’s stock after purchasing an additional 136,632 shares during the period. Raiffeisen Bank International AG’s holdings in SharkNinja were worth $31,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. boosted its position in SharkNinja by 3.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 12,216 shares of the company’s stock valued at $1,856,000 after buying an additional 412 shares during the period. AXQ Capital LP bought a new position in shares of SharkNinja during the 2nd quarter worth $801,000. New Mexico Educational Retirement Board bought a new position in shares of SharkNinja during the 2nd quarter worth $2,223,000. SPX Gestao de Recursos Ltda purchased a new position in shares of SharkNinja during the second quarter valued at $1,798,000. Finally, Wellington Management Group LLP raised its holdings in shares of SharkNinja by 228.7% in the second quarter. Wellington Management Group LLP now owns 339,476 shares of the company’s stock valued at $51,692,000 after acquiring an additional 236,184 shares in the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of SN stock opened at $174.65 on Friday. The stock’s 50-day moving average is $166.45 and its 200 day moving average is $134.28. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $194.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The company has a market cap of $24.60 billion, a P/E ratio of 35.64, a PEG ratio of 2.07 and a beta of 1.24.

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

Insider Buying and Selling at SharkNinja

In other news, insider Neil Shah sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were 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 $92,661,919.20. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 100,000 shares of company stock worth $18,613,911 in the last 90 days. 40.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SN. Bank of America upped their price objective on shares of SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group raised their target price on shares of SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Guggenheim boosted their price target on shares of SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 6th. UBS Group reaffirmed a “buy” rating and issued a $219.10 price target on shares of SharkNinja in a research report on Wednesday, August 12th. Finally, Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average price target of $188.59.

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.