SharkNinja (NYSE:SN) Shares Gap Down – Time to Sell?

SharkNinja, Inc. (NYSE:SN) shares gapped down before the market opened on Tuesday . The stock had previously closed at $105.16, but opened at $100.81. SharkNinja shares last traded at $105.6580, with a volume of 166,806 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Canaccord Genuity Group set a $160.00 target price on SharkNinja in a research report on Thursday, February 12th. Cantor Fitzgerald reiterated an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. National Bank Financial set a $145.00 price objective on SharkNinja in a research report on Tuesday, March 17th. Finally, TD Cowen reissued a “buy” rating on shares of SharkNinja in a report on Wednesday, January 14th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and a consensus target price of $145.70.

SharkNinja Trading Up 2.4%

The business has a 50 day moving average of $118.85 and a 200 day moving average of $108.55. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.31 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.47.

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

Insider Transactions at SharkNinja

In other news, CFO Adam Quigley sold 2,620 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total transaction of $299,623.20. Following the sale, the chief financial officer owned 8,673 shares of the company’s stock, valued at $991,844.28. This trade represents a 23.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On SharkNinja

A number of large investors have recently bought and sold shares of the company. Versor Investments LP increased its position in shares of SharkNinja by 386.0% in the third quarter. Versor Investments LP now owns 18,921 shares of the company’s stock valued at $1,952,000 after acquiring an additional 15,028 shares during the last quarter. Nixon Capital LLC grew its stake in SharkNinja by 12.8% in the third quarter. Nixon Capital LLC now owns 159,874 shares of the company’s stock valued at $16,491,000 after purchasing an additional 18,184 shares in the last quarter. Eisler Capital Management Ltd. increased its position in shares of SharkNinja by 20.3% during the 2nd quarter. Eisler Capital Management Ltd. now owns 39,053 shares of the company’s stock worth $3,866,000 after purchasing an additional 6,592 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth approximately $2,608,000. Finally, Magnetar Financial LLC bought a new stake in shares of SharkNinja during the 3rd quarter worth approximately $2,859,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.