SharkNinja (NYSE:SN) Upgraded at Piper Sandler

SharkNinja (NYSE:SN) was upgraded by equities research analysts at Piper Sandler to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently commented on SN. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. raised their price target on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. National Bank Financial set a $145.00 price target on SharkNinja in a report on Tuesday, March 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Finally, Oppenheimer increased their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Price Performance

Shares of NYSE SN opened at $128.40 on Tuesday. 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 has a one year low of $80.69 and a one year high of $133.99. The firm has a market capitalization of $18.17 billion, a P/E ratio of 25.89, a PEG ratio of 1.73 and a beta of 1.34. The company’s fifty day moving average is $114.13 and its two-hundred day moving average is $114.31.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business posted $0.87 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Analysts forecast that SharkNinja will post 5.74 EPS for the current fiscal year.

Insider Transactions at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the company’s 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 40.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SharkNinja

A number of hedge funds have recently added to or reduced their stakes in SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of SharkNinja during the first quarter worth about $27,000. Transamerica Financial Advisors LLC grew its position in SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after buying an additional 248 shares in the last quarter. Larson Financial Group LLC grew its position in SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in SharkNinja during the 4th quarter valued at about $38,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of SharkNinja during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.