Norges Bank Takes Position in SharkNinja, Inc. $SN

Norges Bank purchased a new stake in SharkNinja, Inc. (NYSE:SN) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 319,088 shares of the company’s stock, valued at approximately $35,706,000. Norges Bank owned 0.23% of SharkNinja at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SN. Larson Financial Group LLC increased 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 valued at $33,000 after acquiring an additional 126 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of SharkNinja in the 3rd quarter valued at $46,000. Quarry LP purchased a new position in shares of SharkNinja in the 3rd quarter valued at $59,000. GAMMA Investing LLC grew its stake in SharkNinja by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock worth $63,000 after buying an additional 110 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in SharkNinja by 2,071.9% in the second quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock worth $69,000 after acquiring an additional 663 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. National Bank Financial set a $145.00 target price on shares of SharkNinja in a research note on Tuesday, March 17th. JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Finally, Guggenheim lifted their target price on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

SharkNinja Stock Down 1.2%

SharkNinja stock opened at $118.37 on Tuesday. SharkNinja, Inc. has a fifty-two week low of $80.69 and a fifty-two week high of $133.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The company has a market cap of $16.75 billion, a PE ratio of 23.87, a PEG ratio of 1.61 and a beta of 1.35. The business’s 50-day simple moving average is $112.99 and its two-hundred day simple moving average is $113.71.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, May 6th. The company reported $1.09 EPS 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 firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company’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 analysts anticipate that SharkNinja, Inc. will post 5.74 EPS for the current year.

Insider Activity 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 value of $782,091.31. Following the sale, the chief financial officer 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 Securities & Exchange Commission, which is available through the SEC website. 40.80% of the stock is owned by 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.