SharkNinja (NYSE:SN) Trading Up 9.6% on Analyst Upgrade

SharkNinja, Inc. (NYSE:SN)’s share price traded up 9.6% during mid-day trading on Tuesday after Piper Sandler upgraded the stock to a strong-buy rating. The stock traded as high as $128.76 and last traded at $129.6360. 215,522 shares traded hands during trading, a decline of 89% from the average session volume of 1,925,763 shares. The stock had previously closed at $118.28.

Other analysts have also recently issued reports about the company. Guggenheim raised their price target on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Oppenheimer increased their price objective on SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 13th. National Bank Financial set a $145.00 target price on SharkNinja in a research report on Tuesday, March 17th. JPMorgan Chase & Co. boosted their target price on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $128.00 price target on SharkNinja in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Insider Activity

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the transaction, the chief financial officer owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 40.80% of the company’s stock.

Hedge Funds Weigh In On SharkNinja

Institutional investors have recently modified their holdings of the business. Glenmede Trust Co. NA acquired a new stake in SharkNinja during the 1st quarter worth $254,000. CTC Alternative Strategies Ltd. acquired a new position in SharkNinja in the first quarter valued at $339,000. Boothe Investment Group Inc. raised its holdings in shares of SharkNinja by 0.3% in the first quarter. Boothe Investment Group Inc. now owns 69,166 shares of the company’s stock valued at $7,325,000 after buying an additional 173 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of SharkNinja by 17.9% during the first quarter. Bank of America Corp DE now owns 559,813 shares of the company’s stock worth $59,284,000 after buying an additional 84,796 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of SharkNinja during the first quarter worth about $3,458,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

The stock has a market cap of $18.17 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.34. The stock has a fifty day moving average of $114.13 and a 200-day moving average of $114.31. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 EPS 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned $0.87 EPS. The firm’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. On average, equities analysts forecast that SharkNinja, Inc. will post 5.74 EPS for the current year.

About SharkNinja

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.