Interval Partners LP Cuts Stock Holdings in SharkNinja, Inc. $SN

Interval Partners LP reduced its stake in shares of SharkNinja, Inc. (NYSE:SN) by 28.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,821 shares of the company’s stock after selling 84,503 shares during the quarter. Interval Partners LP owned 0.15% of SharkNinja worth $22,468,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Norges Bank bought a new position in SharkNinja during the 2nd quarter worth approximately $81,983,000. Third Point LLC lifted its position in SharkNinja by 118.2% in the second quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock valued at $118,788,000 after purchasing an additional 650,000 shares during the last quarter. Disciplined Growth Investors Inc. MN bought a new stake in SharkNinja in the second quarter valued at approximately $46,048,000. Voss Capital LP boosted its stake in shares of SharkNinja by 238.6% during the second quarter. Voss Capital LP now owns 575,626 shares of the company’s stock valued at $56,981,000 after purchasing an additional 405,626 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in shares of SharkNinja by 79.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 900,661 shares of the company’s stock worth $89,156,000 after purchasing an additional 399,043 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $99.99 on Friday. The business has a 50 day moving average of $120.80 and a 200 day moving average of $109.33. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $133.99. The company has a market cap of $14.12 billion, a PE ratio of 20.24, a P/E/G ratio of 1.36 and a beta of 1.39. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.26.

SharkNinja (NYSE:SN) last released its quarterly 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 business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, equities research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Insider Buying and Selling at SharkNinja

In other news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total transaction of $299,623.20. Following the sale, the chief financial officer owned 8,673 shares of the company’s stock, valued at approximately $991,844.28. The trade was a 23.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Guggenheim lifted their target price on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Bank of America raised their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Oppenheimer boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Morgan Stanley set a $128.00 price objective on shares of SharkNinja in a research note on Thursday, February 12th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $200.00 target price on shares of SharkNinja in a report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and an average 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.