Bank of New York Mellon Corp Makes New $81.13 Million Investment in SharkNinja, Inc. $SN

Bank of New York Mellon Corp purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 532,829 shares of the company's stock, valued at approximately $81,134,000. Bank of New York Mellon Corp owned approximately 0.38% of SharkNinja as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Utah Retirement Systems increased its position in SharkNinja by 2.3% during the fourth quarter. Utah Retirement Systems now owns 4,417 shares of the company's stock worth $494,000 after buying an additional 98 shares during the last quarter. World Investment Advisors grew its stake in SharkNinja by 4.6% in the 1st quarter. World Investment Advisors now owns 2,343 shares of the company's stock valued at $248,000 after buying an additional 103 shares during the last quarter. Xponance LLC grew its stake in SharkNinja by 1.9% in the 4th quarter. Xponance LLC now owns 5,584 shares of the company's stock valued at $625,000 after buying an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of SharkNinja by 16.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company's stock valued at $97,000 after purchasing an additional 123 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company's stock worth $33,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Bank of America lifted their price target on SharkNinja from $145.00 to $165.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Wall Street Zen upgraded SharkNinja from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. The Goldman Sachs Group reissued a "buy" rating and set a $204.00 price objective on shares of SharkNinja in a report on Thursday, August 6th. UBS Group restated a "buy" rating and issued a $219.10 price objective on shares of SharkNinja in a research note on Wednesday, August 12th. Finally, Guggenheim raised their price objective on shares of SharkNinja from $175.00 to $210.00 and gave the stock a "buy" rating in a 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $188.59.

SharkNinja Stock Up 0.4%

NYSE:SN opened at $183.75 on Wednesday. The company has a market cap of $25.88 billion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 2.16 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. The stock's fifty day moving average price is $160.08 and its two-hundred day moving average price is $131.20. SharkNinja, Inc. has a 52-week low of $83.12 and a 52-week high of $191.22.

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

Insider Buying and Selling

In related news, insider Neil B. Shah sold 20,333 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $184.69, for a total value of $3,755,301.77. Following the completion of the sale, the insider owned 40,766 shares in the company, valued at approximately $7,529,072.54. This represents a 33.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 40.80% of the company's stock.

About SharkNinja

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.

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