M&T Bank Corp Purchases New Stake in SharkNinja, Inc. $SN

M&T Bank Corp purchased a new stake in SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,312 shares of the company’s stock, valued at approximately $818,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SN. Royal Bank of Canada raised its stake in SharkNinja by 21.8% in the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after purchasing an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in SharkNinja during the first quarter valued at approximately $369,000. Goldman Sachs Group Inc. raised its position in SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after purchasing an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in SharkNinja by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after purchasing an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in SharkNinja during the first quarter valued at approximately $656,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Activity

In other news, CFO Adam Quigley sold 2,620 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the transaction, the chief financial officer directly owned 8,673 shares in the company, valued at approximately $991,844.28. This represents a 23.20% 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. Company insiders own 11.12% of the company’s stock.

SharkNinja Stock Up 2.2%

Shares of NYSE:SN opened at $115.63 on Friday. The company has a fifty day moving average of $112.29 and a 200-day moving average of $109.51. The company has a market capitalization of $16.37 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.47 and a current ratio of 2.04. SharkNinja, Inc. has a 52-week low of $78.82 and a 52-week high of $133.99.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, equities analysts predict that SharkNinja, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and set a $200.00 price objective on shares of SharkNinja in a research report on Wednesday, February 11th. Guggenheim boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Bank of America boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, TD Cowen reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.90.

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.