SharkNinja (NYSE:SN) Hits New 1-Year High on Analyst Upgrade

SharkNinja, Inc. (NYSE:SN) reached a new 52-week high during mid-day trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $187.63 and last traded at $186.4950, with a volume of 919 shares. The stock had previously closed at $185.52.

Other equities analysts have also recently issued research reports about the stock. Bank of America boosted their price target on shares of SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Guggenheim lifted their price objective on shares of SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday. Oppenheimer upped their target price on shares of SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. TD Cowen increased their target price on SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $204.00 price target on shares of SharkNinja in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and a consensus price target of $185.82.

Insider Buying and Selling at SharkNinja

In other news, insider Neil B. Shah sold 29,667 shares of the company’s stock in a transaction on Friday, August 7th. The shares were 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. This represents a 32.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 40.80% of the company’s stock.

Institutional Trading of SharkNinja

Hedge funds have recently added to or reduced their stakes in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in SharkNinja during the first quarter valued at about $27,000. Clearstead Trust LLC purchased a new position in shares of SharkNinja in the second quarter worth about $30,000. Larson Financial Group LLC lifted its stake 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. Transamerica Financial Advisors LLC lifted its stake in shares of SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after acquiring an additional 248 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in SharkNinja during the 4th quarter valued at about $38,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Price Performance

The firm has a fifty day moving average of $146.37 and a two-hundred day moving average of $125.87. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $26.20 billion, a PE ratio of 38.06, a PEG ratio of 2.24 and a beta of 1.21.

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