VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 12,100 Shares of SharkNinja, Inc. $SN

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in SharkNinja, Inc. (NYSE:SN) in the third quarter, HoldingsChannel reports. The institutional investor purchased 12,100 shares of the company’s stock, valued at approximately $2,179,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Founders Financial Securities LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth about $212,000. WPG Advisers LLC raised its holdings in shares of SharkNinja by 494.1% in the 3rd quarter. WPG Advisers LLC now owns 1,004 shares of the company’s stock valued at $181,000 after purchasing an additional 835 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of SharkNinja by 4.9% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,576 shares of the company’s stock valued at $284,000 after purchasing an additional 74 shares during the period. North Dakota State Investment Board raised its holdings in shares of SharkNinja by 3.5% in the 3rd quarter. North Dakota State Investment Board now owns 2,563 shares of the company’s stock valued at $462,000 after purchasing an additional 87 shares during the period. Finally, Generali Asset Management SPA SGR acquired a new stake in SharkNinja in the 3rd quarter valued at about $476,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Buying and Selling

In related news, insider Neil Shah sold 50,000 shares of the company’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 transaction, the insider owned 497,220 shares in the company, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In 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.

Wall Street Analysts Forecast Growth

SN has been the subject of a number of research analyst reports. Guggenheim lifted their price target on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and set a $204.00 price target on shares of SharkNinja in a research report on Thursday, August 6th. BTIG Research began coverage on SharkNinja in a research note on Monday. They issued a “buy” rating and a $245.00 price objective on the stock. Canaccord Genuity Group raised their price objective on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Oppenheimer raised their price objective on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Thirteen investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $198.70.

Key Stories Impacting SharkNinja

Here are the key news stories impacting SharkNinja this week:

• Positive Sentiment: Analyst support is a potential tailwind: BTIG initiated coverage with a Buy rating and a $245 price target, while Jefferies sees new products and international growth helping extend the company’s rally. BTIG rating Barron’s analysis
• Positive Sentiment: Zacks described SN as a top-ranked momentum stock, supporting the view that recent performance and investor interest remain strong. Zacks momentum analysis
• Neutral Sentiment: SharkNinja announced a limited-edition Ninja Luxe Café Pro espresso machine designed with Jonathan Adler and a holiday campaign featuring its celebrity ambassadors. These launches may help product visibility, but the articles provide no sales or earnings impact. Espresso machine announcement Holiday campaign announcement
• Negative Sentiment: Valuation is a key risk heading into earnings. A GuruFocus valuation estimate cited in an earnings preview suggests 33% downside, and another article highlights growing valuation questions. If results or guidance disappoint, elevated expectations could weigh on shares. Earnings and valuation preview Valuation questions

SharkNinja Price Performance

NYSE:SN opened at $209.76 on Wednesday. SharkNinja, Inc. has a one year low of $83.12 and a one year high of $216.11. The company has a market cap of $29.55 billion, a P/E ratio of 42.81, a P/E/G ratio of 2.52 and a beta of 1.21. The firm’s fifty day moving average price is $184.11 and its two-hundred day moving average price is $143.59. 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) last posted its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The company 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 quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. Equities analysts expect that SharkNinja, Inc. will post 5.89 earnings per share for the current year.

SharkNinja Company 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.