Divisadero Street Capital Management LP Acquires 290,000 Shares of SharkNinja, Inc. $SN

Divisadero Street Capital Management LP raised its stake in SharkNinja, Inc. (NYSE:SN) by 59.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 774,408 shares of the company’s stock after buying an additional 290,000 shares during the period. SharkNinja makes up about 3.5% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 7th largest holding. Divisadero Street Capital Management LP owned approximately 0.55% of SharkNinja worth $79,880,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of SN. Abrams Bison Investments LLC grew its holdings in shares of SharkNinja by 20.3% in the 2nd quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock worth $175,707,000 after acquiring an additional 300,000 shares during the last quarter. Alliancebernstein L.P. lifted its holdings 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 valued at $156,152,000 after purchasing an additional 176,104 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of SharkNinja by 14.2% during the second quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company’s stock valued at $139,056,000 after purchasing an additional 174,967 shares during the last quarter. Greenvale Capital LLP boosted its position in shares of SharkNinja by 26.2% in the 2nd quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock valued at $133,636,000 after purchasing an additional 280,000 shares during the period. Finally, Third Point LLC increased its stake in SharkNinja by 118.2% in the 2nd quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock worth $118,788,000 after purchasing an additional 650,000 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SN. TD Cowen restated a “buy” rating on shares of SharkNinja in a report on Wednesday, January 14th. Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. Oppenheimer boosted their price target on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Morgan Stanley set a $128.00 price target on shares of SharkNinja in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $145.78.

SharkNinja Trading Down 1.7%

Shares of NYSE SN opened at $99.99 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $133.99. The business has a 50-day moving average price of $120.80 and a two-hundred day moving average price of $109.19. The firm has a market capitalization of $14.12 billion, a PE ratio of 20.24, a PEG ratio of 1.33 and a beta of 1.39.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Insider Buying and Selling at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total value of $299,623.20. Following the transaction, the chief financial officer directly owned 8,673 shares of the company’s stock, valued at $991,844.28. This represents a 23.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.