SharkNinja (NYSE:SN) Price Target Raised to $234.00

SharkNinja (NYSE:SN) had its price target hoisted by Piper Sandler from $200.00 to $234.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

SN has been the subject of a number of other research reports. UBS Group reaffirmed a “buy” rating and set a $219.10 price objective on shares of SharkNinja in a research report on Wednesday, August 12th. Canaccord Genuity Group raised their target price on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Bank of America raised their price objective on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Twelve analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of “Buy” and a consensus price target of $194.84.

SharkNinja Trading Down 0.4%

Shares of SharkNinja stock opened at $208.33 on Wednesday. The stock has a 50 day moving average of $182.94 and a 200 day moving average of $142.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. The firm has a market capitalization of $29.35 billion, a price-to-earnings ratio of 42.52, a PEG ratio of 2.47 and a beta of 1.27. SharkNinja has a fifty-two week low of $83.12 and a fifty-two week high of $211.48.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, research analysts predict that SharkNinja will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Neil Shah sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the transaction, the insider owned 497,220 shares of the company’s stock, valued at $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 100,000 shares of company stock valued at $18,613,911 in the last quarter. Insiders own 40.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in SharkNinja during the second quarter valued at $81,134,000. Renaissance Technologies LLC purchased a new position in SharkNinja in the first quarter valued at about $28,709,000. Ranger Investment Management L.P. acquired a new position in SharkNinja in the 2nd quarter worth about $36,643,000. Wellington Management Group LLP increased its position in SharkNinja by 228.7% in the 2nd quarter. Wellington Management Group LLP now owns 339,476 shares of the company’s stock worth $51,692,000 after purchasing an additional 236,184 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of SharkNinja by 7,895.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 187,491 shares of the company’s stock worth $19,855,000 after purchasing an additional 185,146 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company’s portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.