Envestnet Asset Management Inc. Purchases 12,922 Shares of SharkNinja, Inc. $SN

Envestnet Asset Management Inc. grew its position in SharkNinja, Inc. (NYSE:SN) by 76.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,729 shares of the company’s stock after acquiring an additional 12,922 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SharkNinja were worth $3,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SN. Geneos Wealth Management Inc. purchased a new position in shares of SharkNinja in the third quarter valued at $29,000. TFC Financial Management Inc. bought a new position in SharkNinja during the third quarter valued at $55,000. EverSource Wealth Advisors LLC grew its stake in shares of SharkNinja by 2,071.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock worth $69,000 after buying an additional 663 shares in the last quarter. CWM LLC increased its holdings in shares of SharkNinja by 656.7% in the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after buying an additional 683 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of SharkNinja in the 3rd quarter worth about $97,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $128.79 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average is $120.85 and its two-hundred day moving average is $109.65. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $133.99. The company has a market capitalization of $18.18 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41.

SharkNinja (NYSE:SN) last issued 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 firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 32.30%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SN shares. Morgan Stanley set a $128.00 price target on SharkNinja in a research report on Thursday, February 12th. Cantor Fitzgerald reiterated an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. Jefferies Financial Group restated a “buy” rating and set a $200.00 price target on shares of SharkNinja in a report on Wednesday, February 11th. TD Cowen restated a “buy” rating on shares of SharkNinja in a research report on Wednesday, January 14th. Finally, 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. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.78.

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.