Neo Ivy Capital Management Invests $699,000 in SharkNinja, Inc. $SN

Neo Ivy Capital Management acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,778 shares of the company’s stock, valued at approximately $699,000.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in SharkNinja in the third quarter valued at $29,000. TFC Financial Management Inc. bought a new stake in SharkNinja during the third quarter worth about $55,000. EverSource Wealth Advisors LLC boosted its holdings in shares of SharkNinja by 2,071.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock worth $69,000 after purchasing an additional 663 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of SharkNinja in the 3rd quarter worth about $97,000. Finally, Allworth Financial LP increased its position in shares of SharkNinja by 495.5% during the 2nd quarter. Allworth Financial LP now owns 1,840 shares of the company’s stock valued at $182,000 after purchasing an additional 1,531 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

Insider Buying and Selling at SharkNinja

In other news, CFO Adam Quigley sold 2,620 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the sale, the chief financial officer owned 8,673 shares of the company’s stock, valued at approximately $991,844.28. This represents a 23.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 11.12% of the company’s stock.

SharkNinja Trading Down 2.6%

NYSE SN opened at $111.05 on Friday. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year 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 stock has a 50-day moving average of $121.39 and a 200-day moving average of $109.62. The firm has a market cap of $15.68 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.48 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 the consensus estimate of $1.78 by $0.15. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.SharkNinja’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, sell-side analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SN. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Canaccord Genuity Group set a $160.00 price target on shares of SharkNinja in a research report on Thursday, February 12th. JPMorgan Chase & Co. lifted their price target 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. Guggenheim boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Finally, Bank of America boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.78.

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.