Renaissance Technologies LLC Invests $28.71 Million in SharkNinja, Inc. $SN

Renaissance Technologies LLC acquired a new stake in SharkNinja, Inc. (NYSE:SN) in the 1st quarter, Holdings Channel reports. The firm acquired 271,100 shares of the company’s stock, valued at approximately $28,709,000.

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

Analyst Ratings Changes

SN has been the topic of several research reports. Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Oppenheimer increased their target price on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Canaccord Genuity Group lifted their target price on SharkNinja from $161.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research note on Wednesday, July 8th. Finally, TD Cowen upped their price target on SharkNinja from $145.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of $164.80.

SharkNinja Stock Up 4.3%

SN opened at $159.82 on Wednesday. SharkNinja, Inc. has a fifty-two week low of $83.12 and a fifty-two week high of $159.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. The firm’s fifty day moving average price is $137.52 and its two-hundred day moving average price is $123.30. The company has a market capitalization of $22.62 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.01 and a beta of 1.22.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, analysts anticipate that SharkNinja, Inc. will post 5.77 EPS for the current year.

Insider Buying and Selling at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the sale, the chief financial officer owned 1,750 shares of the company’s stock, valued at $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 40.80% of the company’s stock.

SharkNinja 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.