6,802 Shares of SharkNinja, Inc. $SN Bought by Fairvoy Private Wealth LLC

Key Points

• Fairvoy Private Wealth LLC purchased 6,802 SharkNinja shares worth approximately $1.225 million, while other institutional investors also increased or initiated positions. Institutions own 34.77% of the company.
• SharkNinja shares rose 1.4% to $189.21, near the stock’s 12-month high of $196.35. The company recently beat quarterly earnings and revenue estimates, reporting $1.26 in EPS and $1.77 billion in revenue.
• Analysts remain bullish, with all 12 covering analysts rating the stock a Buy and a consensus price target of $189.92; several firms recently raised targets to between $204 and $219.10.

Fairvoy Private Wealth LLC purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,802 shares of the company's stock, valued at approximately $1,225,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. WINTON GROUP Ltd purchased a new stake in shares of SharkNinja during the second quarter worth approximately $2,463,000. Saudi Central Bank acquired a new stake in SharkNinja in the second quarter valued at approximately $908,000. Raiffeisen Bank International AG lifted its stake in SharkNinja by 170.8% in the second quarter. Raiffeisen Bank International AG now owns 216,632 shares of the company's stock worth $31,711,000 after acquiring an additional 136,632 shares during the last quarter. Tidal Investments LLC lifted its stake in SharkNinja by 25.1% in the second quarter. Tidal Investments LLC now owns 73,873 shares of the company's stock worth $11,249,000 after acquiring an additional 14,803 shares during the last quarter. Finally, Arizona State Retirement System purchased a new position in SharkNinja in the second quarter worth approximately $3,717,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

Insider Buying and Selling

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 497,220 shares of the company's stock, valued at approximately $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 100,000 shares of company stock valued at $18,613,911 in the last 90 days. Corporate insiders own 40.80% of the company's stock.

SharkNinja Stock Up 1.4%

Shares of SN traded up $2.70 during mid-day trading on Monday, reaching $189.21. The company's stock had a trading volume of 769,909 shares, compared to its average volume of 1,831,313. SharkNinja, Inc. has a 12-month low of $83.12 and a 12-month high of $196.35. The stock has a market cap of $26.65 billion, a PE ratio of 38.62, a price-to-earnings-growth ratio of 2.21 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The company's 50 day moving average is $179.81 and its 200 day moving average is $148.67.

SharkNinja (NYSE:SN - Get Free Report) last issued its 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. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%. The business's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the company earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

Analysts Set New Price Targets

SN has been the subject of several analyst reports. Wall Street Zen upgraded shares of SharkNinja from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $185.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, August 6th. The Goldman Sachs Group restated a "buy" rating and issued a $204.00 price objective on shares of SharkNinja in a report on Thursday, August 6th. Guggenheim lifted their price objective on shares of SharkNinja from $175.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, UBS Group reiterated a "buy" rating and set a $219.10 target price on shares of SharkNinja in a research note on Wednesday, August 12th. Twelve research analysts have rated the stock with a Buy rating. According to data from MarketBeat, SharkNinja has an average rating of "Buy" and a consensus price target of $189.92.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company's portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.

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