SharkNinja, Inc. $SN Holdings Lowered by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lowered its stake in SharkNinja, Inc. (NYSE:SN) by 93.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303 shares of the company’s stock after selling 4,188 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in SharkNinja were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SN. Royal Bank of Canada lifted its stake in SharkNinja by 21.8% during the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after buying an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of SharkNinja in the first quarter worth approximately $369,000. Goldman Sachs Group Inc. increased its position in shares of SharkNinja by 169.4% in the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after acquiring an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of SharkNinja by 7.7% during the first 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 acquiring an additional 3,632 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of SharkNinja during the first quarter valued at approximately $656,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

NYSE SN opened at $185.51 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.21. The company has a 50 day simple moving average of $146.37 and a 200-day simple moving average of $125.87. SharkNinja, Inc. has a 52-week low of $83.12 and a 52-week high of $187.63.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The firm’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities research analysts predict that SharkNinja, Inc. will post 5.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SN. TD Cowen upped their price target on shares of SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings upgraded shares of SharkNinja from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday. Canaccord Genuity Group increased their target price on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a report on Thursday. Finally, Oppenheimer raised their target price on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $185.82.

Insider Buying and Selling

In related news, insider Neil B. Shah sold 29,667 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $186.76, for a total value of $5,540,608.92. Following the completion of the sale, the insider owned 61,099 shares of the company’s stock, valued at approximately $11,410,849.24. The trade was a 32.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 40.80% of the stock is owned by company insiders.

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.