Alliancebernstein L.P. Buys 176,104 Shares of SharkNinja, Inc. $SN

Alliancebernstein L.P. lifted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,513,839 shares of the company’s stock after acquiring an additional 176,104 shares during the quarter. Alliancebernstein L.P. owned approximately 1.07% of SharkNinja worth $156,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Abrams Bison Investments LLC boosted its position in shares of SharkNinja by 20.3% in the second quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock worth $175,707,000 after purchasing an additional 300,000 shares during the period. Westfield Capital Management Co. LP boosted its holdings in SharkNinja by 14.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company’s stock worth $139,056,000 after buying an additional 174,967 shares during the period. Greenvale Capital LLP increased its stake in SharkNinja by 26.2% in the 2nd quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock worth $133,636,000 after buying an additional 280,000 shares in the last quarter. Third Point LLC increased its stake in SharkNinja by 118.2% in the 2nd quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock worth $118,788,000 after buying an additional 650,000 shares in the last quarter. Finally, Parsifal Capital Management LP bought a new stake in SharkNinja during the third quarter valued at about $111,773,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Guggenheim upped their price objective on SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings reissued a “hold (c)” rating on shares of SharkNinja in a research note on Monday, December 29th. Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. Canaccord Genuity Group set a $160.00 price target on SharkNinja in a research note on Thursday, February 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of SharkNinja in a report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $145.78.

Insider Transactions at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the transaction, the chief financial officer 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 through this link.

SharkNinja Stock Performance

NYSE SN opened at $102.88 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.47. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $133.99. The business has a 50 day simple moving average of $120.63 and a two-hundred day simple moving average of $109.09. The stock has a market capitalization of $14.53 billion, a PE ratio of 20.83, a P/E/G ratio of 1.33 and a beta of 1.39.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.15. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the firm earned $1.40 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, research analysts predict 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.