Citigroup Inc. Has $2.48 Million Stock Holdings in SharkNinja, Inc. $SN

Citigroup Inc. boosted its position in shares of SharkNinja, Inc. (NYSE:SN) by 55.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,994 shares of the company’s stock after acquiring an additional 8,538 shares during the period. Citigroup Inc.’s holdings in SharkNinja were worth $2,475,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of SharkNinja by 21.8% during the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock worth $5,995,000 after purchasing an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in SharkNinja during the first quarter worth $369,000. Goldman Sachs Group Inc. increased its holdings in SharkNinja by 169.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after buying an additional 317,730 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in SharkNinja by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after buying an additional 3,632 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of SharkNinja in the 1st quarter valued at $656,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Buying and Selling at SharkNinja

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 completion of the transaction, the chief financial officer owned 8,673 shares in the company, valued at approximately $991,844.28. The trade was a 23.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SN shares. JPMorgan Chase & Co. raised their price objective on shares of SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. TD Cowen restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Morgan Stanley set a $128.00 price objective on SharkNinja in a report on Thursday, February 12th. Finally, Cantor Fitzgerald reiterated an “outperform” rating on shares of SharkNinja in a research note on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.78.

SharkNinja Stock Down 2.6%

SN opened at $111.05 on Friday. The firm’s 50-day simple moving average is $121.39 and its 200-day simple moving average is $109.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.26 and a current ratio of 2.04. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $133.99. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 1.48 and a beta of 1.39.

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