7,550 Shares in SharkNinja, Inc. $SN Bought by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. bought a new position in SharkNinja, Inc. (NYSE:SN) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 7,550 shares of the company’s stock, valued at approximately $800,000.

A number of other hedge funds also recently added to or reduced their stakes in SN. FIL Ltd boosted its holdings in shares of SharkNinja by 2.2% during the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after acquiring an additional 48,163 shares during the period. Alliancebernstein L.P. grew its position in shares of SharkNinja by 13.2% during the third quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock worth $156,152,000 after acquiring an additional 176,104 shares during the last quarter. Palestra Capital Management LLC increased its holdings in shares of SharkNinja by 10.3% in the 3rd quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after acquiring an additional 130,121 shares during the period. Parsifal Capital Management LP acquired a new stake in shares of SharkNinja in the 3rd quarter worth about $111,773,000. Finally, Morgan Stanley lifted its position in SharkNinja by 191.3% in the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock valued at $120,889,000 after purchasing an additional 709,494 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Down 0.0%

SN stock opened at $152.62 on Monday. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $154.04. The firm has a market cap of $21.60 billion, a PE ratio of 30.77, a P/E/G ratio of 2.05 and a beta of 1.22. The firm has a 50 day simple moving average of $127.50 and a 200 day simple moving average of $120.14. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 5.74 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction on Friday, May 8th. The stock was sold at an average price of $112.97, for a total value of $782,091.31. Following the transaction, the chief financial officer directly owned 1,750 shares in the company, valued at $197,697.50. The trade was a 79.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 40.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SN. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research note on Wednesday. Piper Sandler assumed coverage on SharkNinja in a report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price target on the stock. Guggenheim lifted their price target on SharkNinja from $145.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 6th. Bank of America boosted their price objective on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

SharkNinja Profile

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.