Tidal Investments LLC Boosts Position in SharkNinja, Inc. $SN

Key Points

• Tidal Investments increased its SharkNinja position by 25.1% in the second quarter, bringing its holdings to 73,873 shares valued at approximately $11.25 million. Institutional investors collectively own 34.77% of the company.
• SharkNinja reported strong quarterly results, with earnings of $1.26 per share versus the $1.11 consensus estimate and revenue of $1.77 billion, up 22.2% year over year.
• Wall Street sentiment remains positive: 12 analysts rate the stock a Buy and one rates it Hold, with a consensus price target of $188.59. Meanwhile, insiders have sold 100,000 shares worth about $18.6 million over the past 90 days.

Tidal Investments LLC raised its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 25.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 73,873 shares of the company's stock after purchasing an additional 14,803 shares during the period. Tidal Investments LLC owned about 0.05% of SharkNinja worth $11,249,000 at the end of the most recent reporting period.

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

SharkNinja Stock Performance

Shares of SN opened at $161.30 on Friday. 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 company has a market capitalization of $22.72 billion, a price-to-earnings ratio of 32.92, a PEG ratio of 1.92 and a beta of 1.24. The company's 50 day simple moving average is $168.77 and its 200 day simple moving average is $135.90. SharkNinja, Inc. has a 1 year low of $83.12 and a 1 year high of $194.54.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SN. The Goldman Sachs Group reiterated a "buy" rating and issued a $204.00 price target on shares of SharkNinja in a research report on Thursday, August 6th. Wall Street Zen raised SharkNinja from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. TD Cowen increased their target price on SharkNinja from $160.00 to $205.00 and gave the company a "buy" rating in a report on Friday, August 7th. Piper Sandler reissued an "overweight" rating and set a $200.00 price target (up from $181.00) on shares of SharkNinja in a research report on Thursday, August 6th. Finally, Bank of America boosted their price target on SharkNinja from $145.00 to $165.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $188.59.

Insider Activity

In other news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction on Wednesday, August 26th. The stock was 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 100,000 shares of company stock worth $18,613,911 in the last 90 days. 40.80% of the stock is owned by company insiders.

SharkNinja Profile

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances and household products. Its portfolio is organized primarily around the Shark and Ninja brands, which are sold through retailers, e-commerce channels and other distribution partners.

Shark products include vacuum cleaners, floor-care systems, air purifiers, beauty appliances and other home-cleaning solutions. Ninja products include blenders, food processors, air fryers, coffee and beverage systems, cookware, ovens, grills and other kitchen appliances.

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