SharkNinja (NYSE:SN) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of SharkNinja (NYSE:SN) from a hold rating to a buy rating in a report published on Saturday morning.

Other research analysts have also recently issued research reports about the stock. TD Cowen reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, January 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $200.00 target price on shares of SharkNinja in a research note on Wednesday, February 11th. Cantor Fitzgerald reiterated an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. Morgan Stanley set a $128.00 price target on shares of SharkNinja in a research note on Thursday, February 12th. Finally, Guggenheim raised their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.78.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $99.99 on Friday. SharkNinja has a one year low of $60.50 and a one year high of $133.99. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.33 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.47 and a current ratio of 2.04. The business’s 50 day moving average price is $120.80 and its 200 day moving average price is $109.26.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.15. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the business earned $1.40 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, research analysts predict that SharkNinja will post 4.52 EPS for the current year.

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total value of $299,623.20. Following the completion of the transaction, the chief financial officer directly owned 8,673 shares of the company’s stock, valued at $991,844.28. The trade was a 23.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.12% of the stock is currently owned by corporate insiders.

Institutional Trading of SharkNinja

Several hedge funds have recently made changes to their positions in the business. FIL Ltd grew its holdings in shares of SharkNinja by 2.2% in the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after purchasing an additional 48,163 shares in the last quarter. Abrams Bison Investments LLC lifted its holdings in SharkNinja by 20.3% during the 2nd quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock worth $175,707,000 after buying an additional 300,000 shares in the last quarter. Alliancebernstein L.P. boosted its position in SharkNinja by 13.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after buying an additional 176,104 shares during the period. Westfield Capital Management Co. LP boosted its position in SharkNinja by 14.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company’s stock valued at $139,056,000 after buying an additional 174,967 shares during the period. Finally, Palestra Capital Management LLC grew its stake in shares of SharkNinja by 10.3% in the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after acquiring an additional 130,121 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.