Picton Mahoney Asset Management Sells 12,189 Shares of SharkNinja, Inc. $SN

Picton Mahoney Asset Management lessened its position in SharkNinja, Inc. (NYSE:SN) by 10.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 102,075 shares of the company’s stock after selling 12,189 shares during the period. Picton Mahoney Asset Management owned approximately 0.07% of SharkNinja worth $10,529,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SN. Abrams Bison Investments LLC grew its position in SharkNinja by 20.3% in the 2nd quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock valued at $175,707,000 after purchasing an additional 300,000 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of SharkNinja by 14.2% in 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 buying an additional 174,967 shares in the last quarter. Greenvale Capital LLP grew its holdings in shares of SharkNinja by 26.2% during the second quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock valued at $133,636,000 after buying an additional 280,000 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of SharkNinja by 39.3% during the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after acquiring an additional 377,544 shares in the last quarter. Finally, Third Point LLC raised its holdings in shares of 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 acquiring an additional 650,000 shares during the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SN shares. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Guggenheim raised their target price on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Morgan Stanley set a $128.00 target price on SharkNinja in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $200.00 price target on shares of SharkNinja in a research report on Wednesday, February 11th. Nine investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.78.

SharkNinja Trading Down 0.8%

NYSE:SN opened at $114.84 on Thursday. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $133.99. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $121.42 and its 200 day moving average is $109.72. The stock has a market capitalization of $16.21 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the business posted $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. Sell-side analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja Company 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.