SharkNinja (NYSE:SN) Now Covered by BTIG Research

Research analysts at BTIG Research initiated coverage on shares of SharkNinja (NYSE:SN) in a research report issued on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $245.00 price target on the stock. BTIG Research‘s price objective would suggest a potential upside of 17.60% from the stock’s previous close.

A number of other equities research analysts have also commented on SN. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $207.00 to $223.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Canaccord Genuity Group lifted their price target on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Finally, Guggenheim lifted their price target on shares of SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $198.70.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $208.33 on Monday. SharkNinja has a 12 month low of $83.12 and a 12 month high of $211.48. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $182.94 and its 200-day moving average price is $142.72. The firm has a market capitalization of $29.35 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.11 by $0.15. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The business’s revenue was up 22.2% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Sell-side analysts forecast that SharkNinja will post 5.89 EPS for the current fiscal year.

Insider Activity

In related news, insider Neil Shah sold 50,000 shares of the company’s 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 directly owned 497,220 shares of the company’s stock, valued at $92,661,919.20. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 100,000 shares of company stock valued at $18,613,911 in the last ninety days. 40.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SN. Bank of New York Mellon Corp purchased a new stake in shares of SharkNinja during the second quarter worth about $81,134,000. WCM Investment Management LLC grew its position in SharkNinja by 4.3% during the 1st quarter. WCM Investment Management LLC now owns 793,063 shares of the company’s stock worth $77,419,000 after purchasing an additional 32,524 shares during the last quarter. Evercore Wealth Management LLC grew its position in SharkNinja by 24.7% during the 1st quarter. Evercore Wealth Management LLC now owns 670,411 shares of the company’s stock worth $70,997,000 after purchasing an additional 132,749 shares during the last quarter. Bank of America Corp DE grew its position in SharkNinja by 17.9% during the 1st quarter. Bank of America Corp DE now owns 559,813 shares of the company’s stock worth $59,284,000 after purchasing an additional 84,796 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in SharkNinja by 228.7% during the 2nd quarter. Wellington Management Group LLP now owns 339,476 shares of the company’s stock valued at $51,692,000 after purchasing an additional 236,184 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

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.