SharkNinja, Inc. $SN Stock Purchased by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments increased its SharkNinja position by 4% in the third quarter, bringing its holdings to 145,282 shares valued at approximately $26.2 million. Institutional investors collectively own 34.77% of the company.
• Analysts remain bullish, with all 12 covering analysts carrying Buy ratings and an average price target of $188.59. Several firms recently raised their targets to between $204 and $210.
• SharkNinja exceeded quarterly expectations with earnings of $1.26 per share and revenue of $1.77 billion, up 22.2% year over year. Shares recently traded at $184.79, near the company’s 52-week high, while insiders sold 100,000 shares worth about $18.6 million over the past three months.

Zevenbergen Capital Investments LLC grew its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,282 shares of the company's stock after buying an additional 5,557 shares during the quarter. Zevenbergen Capital Investments LLC owned 0.10% of SharkNinja worth $26,168,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Munro Partners lifted its holdings in SharkNinja by 2,371.9% during the fourth quarter. Munro Partners now owns 784,586 shares of the company's stock worth $87,795,000 after acquiring an additional 752,846 shares during the period. Bank of New York Mellon Corp purchased a new position in SharkNinja in the second quarter worth $81,134,000. Clal Insurance Enterprises Holdings Ltd bought a new position in SharkNinja in the 4th quarter valued at $49,012,000. Voss Capital LP grew its stake in SharkNinja by 75.2% in the 4th quarter. Voss Capital LP now owns 958,952 shares of the company's stock valued at $107,307,000 after purchasing an additional 411,452 shares during the period. Finally, Blue Grotto Capital LLC increased its position in shares of SharkNinja by 71.9% during the 4th quarter. Blue Grotto Capital LLC now owns 705,556 shares of the company's stock valued at $78,952,000 after purchasing an additional 295,060 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

Insider Buying and Selling at SharkNinja

In other news, insider Neil Shah sold 50,000 shares of the business'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 value of $9,318,000.00. Following the sale, the insider owned 497,220 shares of the company's stock, valued at $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 100,000 shares of company stock valued at $18,613,911 in the last three months. 40.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SN shares. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $185.00 to $210.00 and gave the stock a "buy" rating 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. Oppenheimer boosted their target price on shares of SharkNinja from $145.00 to $170.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Wall Street Zen raised shares of SharkNinja from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $204.00 price target on shares of SharkNinja in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $188.59.

SharkNinja Stock Performance

Shares of SN stock traded down $0.40 on Thursday, hitting $184.79. 994,756 shares of the stock were exchanged, compared to its average volume of 1,856,602. The firm's 50 day moving average is $177.90 and its two-hundred day moving average is $144.53. SharkNinja, Inc. has a one year low of $83.12 and a one year high of $194.54. The firm has a market capitalization of $26.03 billion, a PE ratio of 37.71, a P/E/G ratio of 2.18 and a beta of 1.27. 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 announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.15. The business had revenue of $1.77 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Sell-side analysts expect that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops consumer appliances and household products under the Shark and Ninja brands. Its portfolio includes vacuum cleaners, cordless and robot cleaning systems, steam mops, air purifiers, and other home-care products, as well as blenders, food processors, air fryers, coffee makers, cookware, and other kitchen appliances.

The company also offers products in categories such as beauty and personal care, including hair-styling tools.

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