SharkNinja, Inc. $SN Stake Boosted by Nixon Capital LLC

Nixon Capital LLC increased its stake in SharkNinja, Inc. (NYSE:SN) by 19.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 190,962 shares of the company’s stock after buying an additional 31,088 shares during the quarter. SharkNinja accounts for approximately 5.6% of Nixon Capital LLC’s portfolio, making the stock its 6th largest holding. Nixon Capital LLC’s holdings in SharkNinja were worth $21,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SN. Waratah Capital Advisors Ltd. lifted its holdings in SharkNinja by 84.1% during the third quarter. Waratah Capital Advisors Ltd. now owns 306,133 shares of the company’s stock valued at $31,578,000 after purchasing an additional 139,858 shares during the last quarter. Wealth High Governance Capital Ltda purchased a new stake in SharkNinja during the fourth quarter valued at about $17,072,000. Dorsal Capital Management LP lifted its holdings in SharkNinja by 14.7% during the third quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock valued at $100,571,000 after purchasing an additional 125,000 shares during the last quarter. Magnetar Financial LLC purchased a new stake in SharkNinja during the third quarter valued at about $2,859,000. Finally, Envestnet Asset Management Inc. lifted its holdings in SharkNinja by 76.9% during the third quarter. Envestnet Asset Management Inc. now owns 29,729 shares of the company’s stock valued at $3,067,000 after purchasing an additional 12,922 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SharkNinja

In other news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the sale, the chief financial officer directly owned 1,750 shares in the company, valued at $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 40.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SN shares. Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. Piper Sandler started coverage on shares of SharkNinja in a report on Tuesday. They set an “overweight” rating and a $150.00 price objective on the stock. Oppenheimer upped their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, National Bank Financial set a $145.00 price objective on shares of SharkNinja in a report on Tuesday, March 17th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Trading Down 0.1%

Shares of SN opened at $128.40 on Thursday. The business’s 50-day moving average price is $114.13 and its 200-day moving average price is $114.31. SharkNinja, Inc. has a twelve month low of $80.69 and a twelve month high of $133.99. The stock has a market cap of $18.17 billion, a PE ratio of 25.89, a P/E/G ratio of 1.73 and a beta of 1.34. 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 (NYSE:SN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business 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 EPS for the current fiscal 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.