SharkNinja, Inc. (NYSE:SN) Receives Consensus Rating of “Moderate Buy” from Brokerages

SharkNinja, Inc. (NYSE:SN) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $188.5917.

Several research firms have recently commented on SN. Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Bank of America increased their target price on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price target on SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Oppenheimer boosted their price target on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, TD Cowen increased their price objective on SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 7th.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil B. Shah sold 29,667 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $186.76, for a total transaction of $5,540,608.92. Following the sale, the insider directly owned 61,099 shares of the company’s stock, valued at $11,410,849.24. This trade represents a 32.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 40.80% of the company’s stock.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors have recently modified their holdings of SN. Public Employees Retirement System of Ohio purchased a new position in shares of SharkNinja during the second quarter valued at approximately $3,717,000. Ranger Investment Management L.P. purchased a new stake in SharkNinja in the 2nd quarter worth approximately $36,643,000. Bank of New York Mellon Corp acquired a new position in SharkNinja in the 2nd quarter valued at $81,134,000. Clearstead Trust LLC acquired a new position in SharkNinja in the 2nd quarter valued at $30,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of SharkNinja by 18.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 32,200 shares of the company’s stock worth $4,903,000 after purchasing an additional 5,100 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Down 0.4%

SN opened at $184.44 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. The company has a market cap of $25.98 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 2.19 and a beta of 1.21. SharkNinja has a one year low of $83.12 and a one year high of $191.22. The business’s fifty day moving average is $154.16 and its two-hundred day moving average is $128.52.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating 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 analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm’s revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Analysts anticipate that SharkNinja will post 5.89 EPS for the current fiscal year.

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.