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

SharkNinja, Inc. (NYSE:SN) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $164.80.

Several research firms have commented on SN. Canaccord Genuity Group boosted their target price on SharkNinja from $161.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 13th. JPMorgan Chase & Co. lifted their price objective on SharkNinja from $146.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research note on Wednesday, July 8th. Piper Sandler initiated coverage on shares of SharkNinja in a report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price objective on the stock. Finally, Bank of America raised their target price on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 40.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors have recently bought and sold shares of the business. Parsifal Capital Management LP bought a new stake in SharkNinja during the 3rd quarter valued at approximately $111,773,000. Munro Partners increased its position in SharkNinja by 2,371.9% in the fourth quarter. Munro Partners now owns 784,586 shares of the company’s stock worth $87,795,000 after purchasing an additional 752,846 shares during the last quarter. Morgan Stanley raised its stake in SharkNinja by 191.3% during the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock valued at $120,889,000 after purchasing an additional 709,494 shares in the last quarter. Evercore Wealth Management LLC bought a new position in SharkNinja during the fourth quarter valued at $60,164,000. Finally, Disciplined Growth Investors Inc. MN bought a new position in SharkNinja during the second quarter valued at $46,048,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of NYSE SN opened at $146.22 on Friday. SharkNinja has a fifty-two week low of $83.12 and a fifty-two week high of $156.87. The company has a 50 day simple moving average of $134.58 and a two-hundred day simple moving average of $122.49. The company has a market capitalization of $20.69 billion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.93 and a beta of 1.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Analysts expect that SharkNinja will post 5.76 EPS for the current fiscal year.

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.