Private Advisor Group LLC Decreases Stock Position in SharkNinja, Inc. $SN

Private Advisor Group LLC cut its stake in SharkNinja, Inc. (NYSE:SN) by 89.3% in the first quarter, Holdings Channel reports. The institutional investor owned 3,016 shares of the company’s stock after selling 25,076 shares during the period. Private Advisor Group LLC’s holdings in SharkNinja were worth $319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in SharkNinja during the first quarter valued at $27,000. Larson Financial Group LLC lifted its holdings in shares of SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in shares of SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after acquiring an additional 248 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of SharkNinja during the 4th quarter worth about $38,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of SharkNinja during the 3rd quarter worth about $46,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Trading Up 0.2%

NYSE SN opened at $154.54 on Friday. The company’s 50-day moving average price is $131.20 and its 200-day moving average price is $121.43. 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 market cap of $21.87 billion, a PE ratio of 31.16, a PEG ratio of 2.07 and a beta of 1.22. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $156.87.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm posted $0.87 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

SN has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Bank of America raised 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. JPMorgan Chase & Co. upped their target price on SharkNinja from $146.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Oppenheimer increased their price target on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $162.30.

Insider Buying and Selling

In other news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were 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 approximately $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 40.80% of the stock is owned by corporate insiders.

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.