SharkNinja (NYSE:SN) Raised to Strong-Buy at Piper Sandler

SharkNinja (NYSE:SN) was upgraded by analysts at Piper Sandler to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Oppenheimer raised their target price on shares of SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Morgan Stanley set a $128.00 price objective on shares of SharkNinja in a research note on Thursday, February 12th. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Guggenheim increased their target price on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. increased their target price on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Stock Performance

Shares of NYSE:SN opened at $128.40 on Tuesday. The firm 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 firm’s 50 day simple moving average is $114.13 and its 200-day simple moving average is $114.31. SharkNinja has a one year low of $80.69 and a one year high of $133.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last issued 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 business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities analysts predict that SharkNinja will post 5.74 EPS for the current year.

Insider Transactions at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 40.80% of the company’s stock.

Hedge Funds Weigh In On SharkNinja

Several institutional investors and hedge funds have recently bought and sold shares of SN. Parsifal Capital Management LP purchased a new position in SharkNinja in the third quarter worth $111,773,000. Munro Partners grew its holdings in SharkNinja by 2,371.9% in the fourth quarter. Munro Partners now owns 784,586 shares of the company’s stock worth $87,795,000 after purchasing an additional 752,846 shares during the last quarter. Morgan Stanley grew its holdings in 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. Evercore Wealth Management LLC purchased a new position in SharkNinja in the fourth quarter worth $60,164,000. Finally, Disciplined Growth Investors Inc. MN purchased a new position in SharkNinja in the second quarter worth $46,048,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.