Apis Capital Advisors LLC Trims Stake in SharkNinja, Inc. $SN

Apis Capital Advisors LLC lessened its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 19.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 197,600 shares of the company’s stock after selling 47,000 shares during the period. SharkNinja accounts for 4.5% of Apis Capital Advisors LLC’s portfolio, making the stock its 9th largest position. Apis Capital Advisors LLC owned 0.14% of SharkNinja worth $20,382,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in shares of SharkNinja in the 3rd quarter worth $29,000. TFC Financial Management Inc. bought a new stake in SharkNinja in the third quarter valued at about $55,000. EverSource Wealth Advisors LLC lifted its stake in SharkNinja by 2,071.9% in the second quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock valued at $69,000 after buying an additional 663 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in SharkNinja in the third quarter valued at about $97,000. Finally, Allworth Financial LP boosted its holdings in SharkNinja by 495.5% during the second quarter. Allworth Financial LP now owns 1,840 shares of the company’s stock worth $182,000 after buying an additional 1,531 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SN shares. Weiss Ratings restated a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Oppenheimer increased their price target on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Bank of America boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Guggenheim increased their target price on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.78.

Insider Activity

In other news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total value of $299,623.20. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.12% of the stock is owned by company insiders.

SharkNinja Stock Down 1.7%

SN stock opened at $99.99 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.47. The stock has a market capitalization of $14.12 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.33 and a beta of 1.39. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $133.99. The business has a 50-day moving average of $120.80 and a 200-day moving average of $109.26.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.SharkNinja’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.