Wealth High Governance Capital Ltda Acquires Shares of 152,566 SharkNinja, Inc. $SN

Wealth High Governance Capital Ltda acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the 4th quarter, Holdings Channel.com reports. The fund acquired 152,566 shares of the company’s stock, valued at approximately $17,072,000. SharkNinja accounts for about 3.2% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in SN. Geneos Wealth Management Inc. bought a new position in shares of SharkNinja during the 3rd quarter valued at about $29,000. Larson Financial Group LLC lifted its holdings in shares of SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of SharkNinja in the 3rd quarter valued at about $46,000. TFC Financial Management Inc. bought a new position in shares of SharkNinja in the 3rd quarter valued at about $55,000. Finally, Quarry LP bought a new position in shares of SharkNinja in the 3rd quarter valued at about $59,000. Institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SN. Oppenheimer increased their price target on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Canaccord Genuity Group set a $160.00 price target on shares of SharkNinja in a report on Thursday, February 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $200.00 price target on shares of SharkNinja in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. Finally, Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $145.90.

Insiders Place Their Bets

In related news, CFO Adam Quigley sold 2,620 shares of the stock in a transaction dated 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 of the company’s stock, valued at $991,844.28. This represents a 23.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

SharkNinja Stock Performance

SharkNinja stock opened at $113.01 on Thursday. 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 $76.45 and a 1-year high of $133.99. The firm has a market capitalization of $16.04 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.56 and a beta of 1.54. The company’s 50-day moving average is $112.52 and its 200 day moving average is $109.47.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’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. Research analysts forecast that SharkNinja, Inc. will post 5.76 EPS for the current 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.