SharkNinja (NYSE:SN) Hits New 1-Year High on Analyst Upgrade

SharkNinja, Inc. (NYSE:SN)’s share price reached a new 52-week high during trading on Thursday after Piper Sandler raised their price target on the stock from $200.00 to $234.00. Piper Sandler currently has an overweight rating on the stock. SharkNinja traded as high as $202.17 and last traded at $202.0650, with a volume of 240,182 shares changing hands. The stock had previously closed at $198.17.

Several other analysts have also issued reports on the stock. Oppenheimer lifted their target price on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Guggenheim raised their price target on shares of SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. TD Cowen lifted their price objective on SharkNinja from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target on SharkNinja from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Twelve investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, SharkNinja presently has an average rating of “Buy” and a consensus target price of $194.84.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the completion of the sale, the insider owned 497,220 shares in the company, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 100,000 shares of company stock worth $18,613,911. 40.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SharkNinja

A number of large investors have recently made changes to their positions in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in SharkNinja in the first quarter valued at $27,000. Clearstead Trust LLC acquired a new position in shares of SharkNinja in the 2nd quarter valued at $30,000. IFP Advisors Inc grew its holdings in shares of SharkNinja by 108.2% during the 3rd quarter. IFP Advisors Inc now owns 177 shares of the company’s stock worth $32,000 after purchasing an additional 92 shares during the period. Latitude Advisors LLC purchased a new position in shares of SharkNinja during the 3rd quarter worth $37,000. Finally, Timbuktu Capital Management LLC acquired a new stake in shares of SharkNinja during the 2nd quarter worth about $40,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Up 1.6%

The stock has a market capitalization of $28.37 billion, a price-to-earnings ratio of 40.90, a P/E/G ratio of 2.32 and a beta of 1.27. The business has a 50-day moving average of $181.81 and a 200-day moving average of $141.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08.

SharkNinja (NYSE:SN) last posted its earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. SharkNinja’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, sell-side analysts expect that SharkNinja, Inc. will post 5.89 EPS for the current year.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company’s portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.