Wealth High Governance Asset Management Ltda. Has $9.44 Million Stock Holdings in SharkNinja, Inc. $SN

Wealth High Governance Asset Management Ltda. raised its stake in shares of SharkNinja, Inc. (NYSE:SN) by 61.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 89,112 shares of the company’s stock after acquiring an additional 33,980 shares during the period. SharkNinja accounts for about 3.3% of Wealth High Governance Asset Management Ltda.’s portfolio, making the stock its 8th biggest position. Wealth High Governance Asset Management Ltda.’s holdings in SharkNinja were worth $9,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SN. Royal Bank of Canada increased its position in shares of 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 acquiring an additional 12,851 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in SharkNinja during the first quarter valued at about $369,000. Goldman Sachs Group Inc. increased its holdings in SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $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 increased its holdings in 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 worth $4,238,000 after buying an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in SharkNinja in the first quarter worth about $656,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SN has been the subject of a number of recent research reports. Bank of America raised their target price on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Guggenheim lifted their target price on shares of SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research note on Wednesday, July 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.90.

Insider Buying and Selling

In related news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were 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 of the company’s stock, valued at approximately $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 40.80% of the company’s stock.

SharkNinja Stock Up 0.3%

Shares of NYSE SN opened at $162.18 on Monday. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The company has a market cap of $22.95 billion, a P/E ratio of 32.70, a P/E/G ratio of 2.12 and a beta of 1.21. SharkNinja, Inc. has a 52 week low of $83.12 and a 52 week high of $164.37. The business has a 50-day simple moving average of $140.60 and a two-hundred day simple moving average of $124.13.

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

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.