SharkNinja, Inc. $SN Shares Purchased by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its SharkNinja stake by 1,311.4% in the third quarter, purchasing 9,783 additional shares for a total holding worth approximately $1.9 million. Institutional investors collectively own 34.77% of the company.
• SharkNinja reported quarterly adjusted earnings of $1.26 per share and revenue of $1.77 billion, exceeding estimates of $1.11 per share and $1.65 billion, respectively. Revenue rose 22.2% year over year.
• Analysts remain bullish, with all 12 tracked analysts rating the stock a Buy and the consensus price target at $189.92. Shares opened at $196.50, near the company’s 52-week high of $200.38, while insider Neil Shah recently sold 50,000 shares for $9.3 million.

Nisa Investment Advisors LLC grew its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 1,311.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,529 shares of the company's stock after buying an additional 9,783 shares during the quarter. Nisa Investment Advisors LLC's holdings in SharkNinja were worth $1,896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. acquired a new stake in shares of SharkNinja during the third quarter worth $1,725,000. Diversify Advisory Services LLC acquired a new position in SharkNinja in the 3rd quarter worth $944,000. Genesee Capital Advisors LLC bought a new position in SharkNinja during the 3rd quarter worth about $305,000. Fairvoy Private Wealth LLC bought a new position in SharkNinja during the 3rd quarter worth about $1,225,000. Finally, IFP Advisors Inc raised its stake in shares of SharkNinja by 108.2% in the 3rd quarter. IFP Advisors Inc now owns 177 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

Insider Activity

In related news, insider Neil Shah sold 50,000 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the completion of the sale, the insider directly owned 497,220 shares in the company, valued at approximately $92,661,919.20. This trade represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 100,000 shares of company stock valued at $18,613,911. 40.80% of the stock is currently owned by corporate insiders.

SharkNinja Stock Performance

Shares of SN stock opened at $196.50 on Monday. The stock has a market cap of $27.68 billion, a P/E ratio of 40.10, a P/E/G ratio of 2.32 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 has a fifty day moving average price of $180.72 and a two-hundred day moving average price of $151.26. SharkNinja, Inc. has a one year low of $83.12 and a one year high of $200.38.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating 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 net margin of 10.06% and a return on equity of 27.79%. The company's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, equities analysts predict that SharkNinja, Inc. will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group restated a "buy" rating and issued a $204.00 price target on shares of SharkNinja in a report on Thursday, August 6th. Wall Street Zen upgraded SharkNinja from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Guggenheim lifted their target price on SharkNinja from $175.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. TD Cowen boosted their target price on SharkNinja from $160.00 to $205.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, Bank of America boosted their target price on SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. Twelve research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $189.92.

SharkNinja Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.