24,410 Shares in SharkNinja, Inc. $SN Bought by Arizona State Retirement System

Key Points

• Arizona State Retirement System purchased 24,410 SharkNinja shares worth approximately $3.7 million in the second quarter. Institutional investors collectively own 34.77% of the company.
• Analysts remain broadly bullish: 12 rate SharkNinja a Buy and one rates it Hold, with a consensus price target of $188.59 after several firms raised their targets to as high as $210.
• SharkNinja reported quarterly adjusted earnings of $1.26 per share and revenue of $1.77 billion, beating estimates and marking 22.2% year-over-year revenue growth. Separately, insider Neil Shah sold 50,000 shares for about $9.3 million.

Arizona State Retirement System purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,410 shares of the company's stock, valued at approximately $3,717,000.

Several other institutional investors and hedge funds have also bought and sold shares of SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in SharkNinja in the 1st quarter valued at about $27,000. Clearstead Trust LLC acquired a new position in shares of SharkNinja in the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC lifted its holdings in shares of SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company's stock worth $33,000 after acquiring an additional 126 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in shares of SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company's stock worth $34,000 after acquiring an additional 248 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of SharkNinja during the 4th quarter worth approximately $38,000. Institutional investors own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

SN has been the topic of several recent analyst reports. Oppenheimer lifted their price target on SharkNinja from $145.00 to $170.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Guggenheim upped their price objective on SharkNinja from $175.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. TD Cowen raised their price objective on SharkNinja from $160.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Canaccord Genuity Group raised their price objective on SharkNinja from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $200.00 target price (up from $181.00) on shares of SharkNinja in a research report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $188.59.

SharkNinja Price Performance

SharkNinja stock opened at $161.30 on Friday. The stock has a 50-day moving average price of $168.77 and a two-hundred day moving average price of $135.90. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $194.54. The company has a market capitalization of $22.72 billion, a PE ratio of 32.92, a P/E/G ratio of 1.90 and a beta of 1.24. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.15. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The business's quarterly revenue was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Analysts expect that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Activity

In other news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the transaction, the insider owned 497,220 shares in the company, valued at approximately $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 100,000 shares of company stock worth $18,613,911 over the last ninety days. 40.80% of the stock is currently owned by company insiders.

SharkNinja Company Profile

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances and household products. Its portfolio is organized primarily around the Shark and Ninja brands, which are sold through retailers, e-commerce channels and other distribution partners.

Shark products include vacuum cleaners, floor-care systems, air purifiers, beauty appliances and other home-cleaning solutions. Ninja products include blenders, food processors, air fryers, coffee and beverage systems, cookware, ovens, grills and other kitchen appliances.

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