SharkNinja, Inc. (NYSE:SN) Short Interest Update

SharkNinja, Inc. (NYSE:SN) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 5,009,296 shares, a drop of 26.6% from the January 29th total of 6,828,352 shares. Currently, 3.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,876,304 shares, the short-interest ratio is currently 2.7 days. Based on an average daily trading volume, of 1,876,304 shares, the short-interest ratio is currently 2.7 days. Currently, 3.5% of the company’s stock are sold short.

SharkNinja Price Performance

SharkNinja stock traded down $2.29 during midday trading on Monday, hitting $120.58. 1,613,901 shares of the company’s stock were exchanged, compared to its average volume of 1,663,075. The company has a market cap of $17.02 billion, a P/E ratio of 24.41, a PEG ratio of 1.64 and a beta of 1.39. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The stock has a 50-day moving average price of $121.34 and a two-hundred day moving average price of $109.70. SharkNinja has a 52-week low of $60.50 and a 52-week high of $133.99.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. SharkNinja had a return on equity of 32.30% and a net margin of 10.96%.The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, equities research analysts forecast that SharkNinja will post 4.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nixon Capital LLC lifted its position in SharkNinja by 12.8% during the 3rd quarter. Nixon Capital LLC now owns 159,874 shares of the company’s stock valued at $16,491,000 after acquiring an additional 18,184 shares during the period. Versor Investments LP increased its stake in shares of SharkNinja by 386.0% during the third quarter. Versor Investments LP now owns 18,921 shares of the company’s stock valued at $1,952,000 after purchasing an additional 15,028 shares in the last quarter. Eisler Capital Management Ltd. lifted its holdings in shares of SharkNinja by 20.3% during the second quarter. Eisler Capital Management Ltd. now owns 39,053 shares of the company’s stock valued at $3,866,000 after purchasing an additional 6,592 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of SharkNinja in the 3rd quarter worth approximately $2,608,000. Finally, Hodges Capital Management Inc. boosted its position in shares of SharkNinja by 16.7% in the 2nd quarter. Hodges Capital Management Inc. now owns 284,757 shares of the company’s stock worth $28,188,000 after purchasing an additional 40,780 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Canaccord Genuity Group set a $160.00 price objective on shares of SharkNinja in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Morgan Stanley set a $128.00 price target on SharkNinja in a research report on Thursday, February 12th. Finally, TD Cowen reiterated a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.78.

About SharkNinja

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.