SPX Gestao de Recursos Ltda Invests $1.80 Million in SharkNinja, Inc. $SN

SPX Gestao de Recursos Ltda purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) during the second quarter, Holdings Channel reports. The firm purchased 11,808 shares of the company’s stock, valued at approximately $1,798,000.

Several other large investors also recently bought and sold shares of the business. FIL Ltd raised its holdings in SharkNinja by 2.2% in the 4th quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after acquiring an additional 48,163 shares during the last quarter. Palestra Capital Management LLC boosted its holdings in shares of SharkNinja by 10.3% during the 3rd quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after purchasing an additional 130,121 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of SharkNinja by 39.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after purchasing an additional 377,544 shares during the last quarter. Parsifal Capital Management LP purchased a new stake in shares of SharkNinja in the third quarter valued at approximately $111,773,000. Finally, Morgan Stanley grew its position in shares of SharkNinja by 191.3% in the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock valued at $120,889,000 after purchasing an additional 709,494 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

SharkNinja stock opened at $191.53 on Friday. The firm has a 50 day simple moving average of $163.24 and a 200-day simple moving average of $132.69. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $194.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The stock has a market cap of $26.98 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.21.

SharkNinja (NYSE:SN) last announced its quarterly 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 business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The business’s revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, analysts expect that SharkNinja, Inc. will post 5.89 EPS for the current year.

Analysts Set New Price Targets

SN has been the subject of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price target (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. UBS Group restated a “buy” rating and issued a $219.10 target price on shares of SharkNinja in a report on Wednesday, August 12th. Guggenheim raised their target price on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.59.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil B. 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 sale, the insider owned 497,220 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 100,000 shares of company stock worth $18,613,911 over the last ninety days. 40.80% of the stock is owned by company insiders.

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.