Short Interest in SharkNinja, Inc. (NYSE:SN) Drops By 26.6%

SharkNinja, Inc. (NYSE:SN) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 5,009,296 shares, a decline of 26.6% from the January 29th total of 6,828,352 shares. Based on an average trading volume of 1,876,304 shares, the days-to-cover ratio is presently 2.7 days. Currently, 3.5% of the company’s stock are short sold. Currently, 3.5% of the company’s stock are short sold. Based on an average trading volume of 1,876,304 shares, the days-to-cover ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. Jefferies Financial Group restated a “buy” rating and set a $200.00 price objective on shares of SharkNinja in a research note on Wednesday, February 11th. Guggenheim upped their target price on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. Finally, Canaccord Genuity Group set a $160.00 price objective on shares of SharkNinja in a report on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.78.

SharkNinja Stock Performance

SN stock traded down $2.29 on Monday, hitting $120.58. The company had a trading volume of 1,613,901 shares, compared to its average volume of 1,663,075. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. SharkNinja has a 12-month low of $60.50 and a 12-month high of $133.99. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 1.64 and a beta of 1.39. The stock’s 50-day simple moving average is $121.34 and its 200 day simple moving average is $109.70.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 32.30%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, equities research analysts expect that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of SharkNinja by 21.8% in the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock worth $5,995,000 after purchasing an additional 12,851 shares during the period. Integrated Wealth Concepts LLC bought a new stake in SharkNinja in the 1st quarter valued at $369,000. Goldman Sachs Group Inc. lifted its stake in SharkNinja by 169.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after purchasing an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of SharkNinja by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after purchasing an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of SharkNinja during the first quarter valued at about $656,000. 34.77% of the stock is currently owned by institutional investors.

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.