SharkNinja (NYSE:SN) Upgraded at Wall Street Zen

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

Several other brokerages have also recently weighed in on SN. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday. Guggenheim lifted their target price on shares of SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen boosted their target price on SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer boosted their target price on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Bank of America increased their price target on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and a consensus price target of $185.82.

SharkNinja Stock Down 0.1%

Shares of NYSE:SN opened at $185.40 on Friday. The company’s fifty day moving average is $147.63 and its 200-day moving average is $126.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. SharkNinja has a 52 week low of $83.12 and a 52 week high of $187.63. The company has a market capitalization of $26.12 billion, a PE ratio of 37.84, a P/E/G ratio of 2.24 and a beta of 1.21.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) 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 business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities research analysts predict that SharkNinja will post 5.77 earnings per share for the current fiscal year.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil B. Shah sold 29,667 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $186.76, for a total transaction of $5,540,608.92. Following the sale, the insider owned 61,099 shares of the company’s stock, valued at $11,410,849.24. This represents a 32.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 40.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors have recently modified their holdings of the stock. FIL Ltd grew its stake in shares of SharkNinja by 2.2% during the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after purchasing an additional 48,163 shares during the last quarter. Palestra Capital Management LLC increased its holdings in shares of SharkNinja by 10.3% in the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock valued at $143,177,000 after purchasing an additional 130,121 shares in the last quarter. Alliancebernstein L.P. raised its position in SharkNinja by 39.3% in 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 last quarter. Parsifal Capital Management LP bought a new position in SharkNinja in the 3rd quarter worth approximately $111,773,000. Finally, Morgan Stanley lifted its holdings in SharkNinja by 191.3% during the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after buying an additional 709,494 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

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.