Elevation Point Wealth Partners LLC Invests $605,000 in SharkNinja, Inc. $SN

Elevation Point Wealth Partners LLC acquired a new stake in SharkNinja, Inc. (NYSE:SN) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,717 shares of the company’s stock, valued at approximately $605,000.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in SharkNinja by 21.8% in the first 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 during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in SharkNinja during the 1st quarter valued at $369,000. Goldman Sachs Group Inc. raised its stake in SharkNinja by 169.4% during 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of SharkNinja by 7.7% during 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 bought a new position in shares of SharkNinja during the 1st quarter valued at $656,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

SN opened at $151.05 on Wednesday. The stock has a market capitalization of $21.38 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 2.00 and a beta of 1.22. The company has a fifty day moving average of $125.43 and a 200 day moving average of $119.42. SharkNinja, Inc. has a fifty-two week low of $83.12 and a fifty-two week high of $154.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, sell-side analysts forecast that SharkNinja, Inc. will post 5.74 earnings per share for the current fiscal year.

Insider Transactions at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the transaction, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. The trade was a 79.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 40.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler started coverage on SharkNinja in a research report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Guggenheim raised their price objective on shares of SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Monday. Bank of America boosted their target price on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.00.

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.