Ranger Investment Management L.P. Makes New $36.64 Million Investment in SharkNinja, Inc. $SN

Key Points

• Ranger Investment Management acquired 240,643 SharkNinja shares worth approximately $36.64 million, making the stock its ninth-largest holding and representing about 0.17% of SharkNinja’s outstanding shares.
• Analyst sentiment is strongly positive: 12 analysts rate SharkNinja a Buy and one rates it Hold, with an average price target of $188.59. Recent targets include $200 from Piper Sandler and $205 from TD Cowen.
• SharkNinja exceeded quarterly expectations, reporting $1.26 in earnings per share and $1.77 billion in revenue, up 22.2% year over year. Shares opened at $181.26, near their 52-week high of $191.22, while insider Neil B. Shah sold about $5.54 million in stock.

Ranger Investment Management L.P. acquired a new position in SharkNinja, Inc. (NYSE:SN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 240,643 shares of the company's stock, valued at approximately $36,643,000. SharkNinja makes up approximately 2.3% of Ranger Investment Management L.P.'s investment portfolio, making the stock its 9th largest holding. Ranger Investment Management L.P. owned about 0.17% of SharkNinja as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FIL Ltd boosted its holdings in SharkNinja by 2.2% in the 4th quarter. FIL Ltd now owns 2,268,418 shares of the company's stock worth $253,836,000 after buying an additional 48,163 shares during the period. Palestra Capital Management LLC raised its holdings in SharkNinja by 10.3% during the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company's stock valued at $143,177,000 after acquiring an additional 130,121 shares during the period. Alliancebernstein L.P. raised its holdings in SharkNinja by 39.3% during the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company's stock valued at $132,422,000 after acquiring an additional 377,544 shares during the period. Parsifal Capital Management LP purchased a new position in shares of SharkNinja in the third quarter valued at about $111,773,000. Finally, Morgan Stanley lifted its position in shares of SharkNinja by 191.3% in the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company's stock valued at $120,889,000 after acquiring an additional 709,494 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SN shares. 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 issued a $204.00 price target on shares of SharkNinja in a report on Thursday, August 6th. TD Cowen upped their price target on SharkNinja from $160.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SharkNinja in a report on Wednesday, May 6th. Finally, Piper Sandler reiterated an "overweight" rating and set a $200.00 price objective (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 issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $188.59.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil B. Shah sold 29,667 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $186.76, for a total value of $5,540,608.92. Following the transaction, the insider owned 61,099 shares of the company's stock, valued at $11,410,849.24. This represents a 32.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 40.80% of the stock is currently owned by insiders.

SharkNinja Stock Up 0.3%

Shares of NYSE SN opened at $181.26 on Monday. SharkNinja, Inc. has a 1 year low of $83.12 and a 1 year high of $191.22. The firm has a 50-day simple moving average of $158.13 and a two-hundred day simple moving average of $130.27. The company has a market cap of $25.53 billion, a P/E ratio of 36.99, a PEG ratio of 2.14 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45.

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

SharkNinja 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.

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