SharkNinja (NYSE:SN) Shares Up 9.6% – Here’s What Happened

SharkNinja, Inc. (NYSE:SN) shares shot up 9.6% during trading on Tuesday . 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.

Analyst Ratings Changes

A number of research firms have weighed in on SN. Oppenheimer increased their target price on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Canaccord Genuity Group increased their target price on shares of SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Guggenheim increased their target price on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research report on Friday, April 10th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Trading Up 9.1%

The firm has a market capitalization of $18.26 billion, a P/E ratio of 25.95, a PEG ratio of 1.61 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The firm has a 50 day simple moving average of $112.99 and a two-hundred day simple moving average of $113.71.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the sale, the chief financial officer directly owned 1,750 shares in the company, valued at approximately $197,697.50. The trade was a 79.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 40.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SharkNinja

Several institutional investors and hedge funds have recently made changes to their positions in the business. FIL Ltd grew its holdings in shares of SharkNinja by 2.2% during the 4th 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 during the last quarter. Alliancebernstein L.P. grew its holdings in shares of SharkNinja by 13.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after purchasing an additional 176,104 shares during the last quarter. Palestra Capital Management LLC grew its holdings 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 purchasing an additional 130,121 shares during the last quarter. Parsifal Capital Management LP bought a new position in shares of SharkNinja in the third quarter worth approximately $111,773,000. Finally, Morgan Stanley grew its holdings in shares of SharkNinja by 191.3% in the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after purchasing an additional 709,494 shares during the last quarter. Institutional investors 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.