SPX Gestao de Recursos Ltda Grows Stock Holdings in SharkNinja, Inc. $SN

Key Points

• SPX Gestao de Recursos Ltda increased its stake in SharkNinja (NYSE:SN) by 92.9% in Q3, buying an additional 43,670 shares to hold 90,670 shares worth about $9.35 million, making SN its 27th-largest position.
• SharkNinja posted a Q that topped expectations with $1.93 EPS (vs. $1.78 expected) and $2.10B revenue (up 17.6% YoY), set FY2026 guidance of 5.900–6.000 EPS, and trades with a market cap of $15.68B and a P/E of 22.48.
• Institutional ownership is about 34.77% while insiders hold 11.12% (CFO Adam Quigley recently sold 2,620 shares), and analysts show a mixed but overall positive view with a consensus "Moderate Buy" and a $145.78 target.

SPX Gestao de Recursos Ltda boosted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 92.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 90,670 shares of the company's stock after buying an additional 43,670 shares during the period. SharkNinja accounts for approximately 0.8% of SPX Gestao de Recursos Ltda's holdings, making the stock its 27th biggest position. SPX Gestao de Recursos Ltda owned about 0.06% of SharkNinja worth $9,353,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SN. Nixon Capital LLC boosted its stake in SharkNinja by 12.8% in the 3rd quarter. Nixon Capital LLC now owns 159,874 shares of the company's stock worth $16,491,000 after purchasing an additional 18,184 shares during the period. Versor Investments LP lifted its holdings in shares of SharkNinja by 386.0% in the third quarter. Versor Investments LP now owns 18,921 shares of the company's stock worth $1,952,000 after buying an additional 15,028 shares in the last quarter. Eisler Capital Management Ltd. boosted its position in shares of SharkNinja by 20.3% during the second quarter. Eisler Capital Management Ltd. now owns 39,053 shares of the company's stock worth $3,866,000 after acquiring an additional 6,592 shares during the last quarter. SG Americas Securities LLC purchased a new position in SharkNinja during the third quarter valued at $2,608,000. Finally, Hodges Capital Management Inc. increased its holdings in SharkNinja by 16.7% in the 2nd quarter. Hodges Capital Management Inc. now owns 284,757 shares of the company's stock valued at $28,188,000 after acquiring an additional 40,780 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SN shares. Weiss Ratings restated a "hold (c)" rating on shares of SharkNinja in a research report on Monday, December 29th. Canaccord Genuity Group set a $160.00 price target on SharkNinja in a research note on Thursday, February 12th. TD Cowen restated a "buy" rating on shares of SharkNinja in a report on Wednesday, January 14th. Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a research note on Saturday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on SharkNinja from $126.00 to $142.00 and gave the stock an "overweight" rating in a report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, SharkNinja has an average rating of "Moderate Buy" and a consensus target price of $145.78.

SharkNinja Stock Down 2.6%

Shares of NYSE:SN opened at $111.05 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.26. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $133.99. The company has a 50-day moving average price of $121.39 and a 200 day moving average price of $109.69. The company has a market cap of $15.68 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.52 and a beta of 1.39.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.09 billion. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, equities research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Adam Quigley sold 2,620 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total value of $299,623.20. Following the completion of the sale, the chief financial officer directly owned 8,673 shares in the company, valued at $991,844.28. This trade represents a 23.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.12% of the company's stock.

SharkNinja Company 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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