SharkNinja (NYSE:SN) Reaches New 1-Year High Following Analyst Upgrade

SharkNinja, Inc. (NYSE:SN)’s share price hit a new 52-week high on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $207.00 to $223.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. SharkNinja traded as high as $196.56 and last traded at $196.3490, with a volume of 494,816 shares. The stock had previously closed at $188.94.

A number of other research analysts also recently commented on the company. Weiss Ratings upgraded SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Guggenheim raised their target price on SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. TD Cowen boosted their price target on shares of SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $204.00 price target on shares of SharkNinja in a research report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating. According to MarketBeat.com, SharkNinja currently has a consensus rating of “Buy” and an average target price of $189.92.

Insider Transactions at SharkNinja

In related news, insider Neil Shah sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total value of $9,318,000.00. Following the sale, the insider directly owned 497,220 shares in the company, valued at $92,661,919.20. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 100,000 shares of company stock valued at $18,613,911. Corporate insiders own 40.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc raised its stake in shares of SharkNinja by 108.2% during the third quarter. IFP Advisors Inc now owns 177 shares of the company’s stock valued at $32,000 after purchasing an additional 92 shares in the last quarter. Clearstead Trust LLC acquired a new stake in SharkNinja in the second quarter worth about $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in SharkNinja in the 1st quarter valued at about $27,000. Timbuktu Capital Management LLC bought a new position in SharkNinja in the 2nd quarter valued at about $40,000. Finally, Harbor Investment Advisory LLC acquired a new position in SharkNinja during the 2nd quarter valued at about $70,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

The stock has a market cap of $27.74 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 2.21 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. The company’s 50 day simple moving average is $179.81 and its 200 day simple moving average is $148.67.

SharkNinja (NYSE:SN) last issued its quarterly 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. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, equities research analysts anticipate that SharkNinja, Inc. will post 5.89 earnings per share for the current year.

SharkNinja Company Profile

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company’s portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.