SharkNinja (NYSE:SN) Stock Rated “Buy” in New Coverage at BTIG Research

BTIG Research began coverage on shares of SharkNinja (NYSE:SN) in a report issued on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $245.00 price target on the stock. BTIG Research‘s target price would suggest a potential upside of 17.60% from the company’s current price.

A number of other brokerages have also weighed in on SN. Guggenheim raised their price target on shares of SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Bank of America increased their price target on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Piper Sandler lifted their target price on shares of SharkNinja from $200.00 to $234.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Finally, Canaccord Genuity Group boosted their price target on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $198.70.

SharkNinja Stock Performance

Shares of SN stock opened at $208.33 on Monday. SharkNinja has a 52-week low of $83.12 and a 52-week high of $211.48. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. The stock has a market cap of $29.35 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27. The business has a 50-day simple moving average of $182.94 and a 200-day simple moving average of $142.72.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, equities analysts expect that SharkNinja will post 5.89 EPS for the current year.

Insider Transactions at SharkNinja

In other news, insider Neil Shah sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the transaction, the insider directly owned 497,220 shares in the company, valued at $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 100,000 shares of company stock valued at $18,613,911. Insiders own 40.80% of the company’s stock.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in SharkNinja by 108.2% in the 3rd 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 purchased a new position in shares of SharkNinja during the 2nd quarter worth approximately $30,000. Richardson Financial Services Inc. lifted its holdings in shares of SharkNinja by 36.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 199 shares of the company’s stock valued at $36,000 after buying an additional 53 shares during the period. Latitude Advisors LLC acquired a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $37,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of SharkNinja in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.