Thurston Springer Miller Herd & Titak Inc. Has $46,000 Stake in SharkNinja, Inc. $SN

Thurston Springer Miller Herd & Titak Inc. reduced its stake in shares of SharkNinja, Inc. (NYSE:SN) by 93.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 303 shares of the company’s stock after selling 4,188 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in SharkNinja were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Utah Retirement Systems increased its holdings in shares of SharkNinja by 2.3% during the 4th quarter. Utah Retirement Systems now owns 4,417 shares of the company’s stock valued at $494,000 after acquiring an additional 98 shares during the last quarter. World Investment Advisors lifted its holdings in SharkNinja by 4.6% in the 1st quarter. World Investment Advisors now owns 2,343 shares of the company’s stock worth $248,000 after purchasing an additional 103 shares during the last quarter. Xponance LLC boosted its position in SharkNinja by 1.9% during the fourth quarter. Xponance LLC now owns 5,584 shares of the company’s stock worth $625,000 after purchasing an additional 106 shares during the period. EverSource Wealth Advisors LLC boosted its position in SharkNinja by 16.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock worth $97,000 after purchasing an additional 123 shares during the period. Finally, Larson Financial Group LLC grew its holdings in SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Activity

In other news, insider Neil B. Shah sold 29,667 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $186.76, for a total transaction of $5,540,608.92. Following the completion of the transaction, the insider owned 61,099 shares of the company’s stock, valued at approximately $11,410,849.24. This represents a 32.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 40.80% of the company’s stock.

SharkNinja Stock Down 0.0%

SN opened at $185.51 on Monday. The business has a 50 day moving average of $146.37 and a 200-day moving average of $125.87. The stock has a market capitalization of $26.13 billion, a price-to-earnings ratio of 37.86, a P/E/G ratio of 2.24 and a beta of 1.21. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $187.63.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. SharkNinja’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 5.77 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on SN. Bank of America lifted their price target on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Oppenheimer raised their target price on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. TD Cowen lifted their target price on shares of SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a report on Friday. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.82.

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.