SharkNinja (NYSE:SN) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of SharkNinja (NYSE:SN) from a hold rating to a buy rating in a research note released on Saturday morning.

Several other equities research analysts have also recently issued reports on SN. Guggenheim lifted their price objective on shares of SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen raised their price target on SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $200.00 price target (up from $181.00) on shares of SharkNinja in a report on Thursday. Weiss Ratings upgraded SharkNinja from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $204.00 target price on shares of SharkNinja in a research report on Thursday. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.82.

SharkNinja Stock Up 3.1%

Shares of NYSE SN opened at $185.51 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.62 and a debt-to-equity ratio of 0.24. The stock has a market cap of $26.13 billion, a P/E ratio of 37.86, a PEG ratio of 2.43 and a beta of 1.21. The business’s fifty day simple moving average is $146.37 and its 200-day simple moving average is $125.88. SharkNinja has a 12-month low of $83.12 and a 12-month high of $187.63.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping 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 analyst estimates of $1.65 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, equities analysts predict that SharkNinja will post 5.77 EPS for the current fiscal year.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil B. Shah sold 29,667 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $186.76, for a total value of $5,540,608.92. Following the completion of the transaction, the insider owned 61,099 shares in the company, valued at $11,410,849.24. This represents a 32.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 40.80% of the stock is owned by corporate insiders.

Institutional Trading of SharkNinja

Large investors have recently made changes to their positions in the company. FIL Ltd lifted its stake in SharkNinja by 2.2% in the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after buying an additional 48,163 shares during the last quarter. Palestra Capital Management LLC boosted its stake in SharkNinja by 10.3% during the 3rd quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after purchasing an additional 130,121 shares during the period. Alliancebernstein L.P. boosted its stake in SharkNinja by 39.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after purchasing an additional 377,544 shares during the period. Parsifal Capital Management LP purchased a new position in SharkNinja during the 3rd quarter worth $111,773,000. Finally, Morgan Stanley increased its stake in SharkNinja by 191.3% in 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 during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

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.