Ranger Investment Management L.P. Acquires Shares of 240,643 SharkNinja, Inc. $SN

Ranger Investment Management L.P. bought a new position in SharkNinja, Inc. (NYSE:SN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 240,643 shares of the company’s stock, valued at approximately $36,643,000. SharkNinja makes up about 2.3% of Ranger Investment Management L.P.’s portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also modified their holdings of the stock. Utah Retirement Systems raised its stake in shares of SharkNinja by 2.3% during the fourth quarter. Utah Retirement Systems now owns 4,417 shares of the company’s stock valued at $494,000 after acquiring an additional 98 shares in the last quarter. World Investment Advisors boosted its holdings in shares of SharkNinja by 4.6% in the first quarter. World Investment Advisors now owns 2,343 shares of the company’s stock valued at $248,000 after purchasing an additional 103 shares during the period. Xponance LLC grew its stake in SharkNinja by 1.9% in the fourth quarter. Xponance LLC now owns 5,584 shares of the company’s stock worth $625,000 after purchasing an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in SharkNinja by 16.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock worth $97,000 after purchasing an additional 123 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 126 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SN shares. JPMorgan Chase & Co. lifted their target price on SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Canaccord Genuity Group increased their price target on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Finally, UBS Group reiterated a “buy” rating and set a $219.10 target price on shares of SharkNinja in a report on Wednesday, August 12th. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $188.59.

Insider Activity

In other news, insider Neil B. Shah sold 29,667 shares of SharkNinja stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $186.76, for a total value of $5,540,608.92. Following the transaction, the insider owned 61,099 shares of the company’s stock, valued at $11,410,849.24. The trade was a 32.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 40.80% of the stock is currently owned by insiders.

SharkNinja Trading Up 0.3%

Shares of NYSE SN opened at $181.26 on Monday. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $191.22. The business has a fifty day moving average price of $158.13 and a 200 day moving average price of $130.27. The stock has a market capitalization of $25.53 billion, a P/E ratio of 36.99, a price-to-earnings-growth ratio of 2.14 and a beta of 1.21. 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, beating the consensus estimate of $1.11 by $0.15. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities research analysts expect that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

About SharkNinja

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.