Expect Equity LLC Takes $1.54 Million Position in SharkNinja, Inc. $SN

Expect Equity LLC acquired a new stake in SharkNinja, Inc. (NYSE:SN) during the 4th quarter, Holdings Channel reports. The firm acquired 13,720 shares of the company’s stock, valued at approximately $1,535,000.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after buying an additional 126 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after buying an additional 248 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of SharkNinja in the fourth quarter worth about $38,000. Sunbelt Securities Inc. purchased a new stake in shares of SharkNinja in the third quarter worth about $46,000. Finally, Quarry LP purchased a new stake in shares of SharkNinja in the third quarter worth about $59,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Trading Down 1.8%

Shares of NYSE SN opened at $133.81 on Thursday. The business’s 50 day moving average is $116.99 and its two-hundred day moving average is $115.79. 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, Inc. has a 1-year low of $83.12 and a 1-year high of $139.58. The stock has a market capitalization of $18.94 billion, a P/E ratio of 26.98, a PEG ratio of 1.83 and a beta of 1.34.

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

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. 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.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Canaccord Genuity Group boosted their target price on SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. National Bank Financial set a $145.00 target price on SharkNinja in a research report on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research report on Friday, April 10th. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Piper Sandler assumed coverage on SharkNinja in a research report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

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.