SharkNinja (NYSE:SN) Raised to “Buy” at Wall Street Zen

SharkNinja (NYSE:SN) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group raised their target price on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler restated an “overweight” rating and issued a $200.00 price target (up from $181.00) on shares of SharkNinja in a research report on Thursday. JPMorgan Chase & Co. increased their price target on SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and set a $204.00 price objective on shares of SharkNinja in a research report on Thursday. Finally, Bank of America boosted their price objective on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.82.

SharkNinja Price Performance

Shares of NYSE SN opened at $185.51 on Friday. The firm has a 50-day simple moving average of $146.37 and a 200-day simple moving average of $125.87. The stock has a market capitalization of $26.13 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.21. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. SharkNinja has a 52 week low of $83.12 and a 52 week high of $187.63.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $0.97 earnings per share. SharkNinja’s quarterly revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, equities analysts predict that SharkNinja will post 5.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SharkNinja news, insider Neil B. Shah sold 29,667 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $186.76, for a total value of $5,540,608.92. Following the transaction, the insider directly owned 61,099 shares in the company, valued at $11,410,849.24. The trade was a 32.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 40.80% of the stock is owned by company insiders.

Institutional Trading of SharkNinja

A number of hedge funds and other institutional investors have recently made changes to their positions in SN. Utah Retirement Systems raised its holdings in SharkNinja by 2.3% in the 4th quarter. Utah Retirement Systems now owns 4,417 shares of the company’s stock valued at $494,000 after buying an additional 98 shares during the period. World Investment Advisors lifted its position in SharkNinja by 4.6% in the first quarter. World Investment Advisors now owns 2,343 shares of the company’s stock valued at $248,000 after buying an additional 103 shares during the last quarter. Xponance LLC boosted its stake in SharkNinja by 1.9% during the fourth quarter. Xponance LLC now owns 5,584 shares of the company’s stock worth $625,000 after buying an additional 106 shares during the period. EverSource Wealth Advisors LLC boosted its stake in SharkNinja by 16.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock worth $97,000 after buying an additional 123 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares during the last quarter. 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.