SharkNinja (NYSE:SN) Shares Up 9.6% – Here’s What Happened

SharkNinja, Inc. (NYSE:SN)’s share price shot up 9.6% during mid-day trading on Tuesday . The stock traded as high as $128.76 and last traded at $129.6360. 215,522 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,925,763 shares. The stock had previously closed at $118.28.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SN. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Oppenheimer raised their price target on SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Guggenheim raised their price target on SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley set a $128.00 price target on SharkNinja in a research note on Thursday, February 12th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Trading Up 9.1%

The firm has a 50-day moving average price of $112.99 and a 200-day moving average price of $113.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The stock has a market cap of $18.26 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 1.61 and a beta of 1.35.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.SharkNinja’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities analysts anticipate that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the transaction, the chief financial officer directly owned 1,750 shares in the company, valued at $197,697.50. This represents a 79.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 40.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SN. Parsifal Capital Management LP bought a new position in SharkNinja in the 3rd quarter worth approximately $111,773,000. Munro Partners raised its holdings in shares of SharkNinja by 2,371.9% during the 4th quarter. Munro Partners now owns 784,586 shares of the company’s stock worth $87,795,000 after acquiring an additional 752,846 shares in the last quarter. Morgan Stanley raised its holdings in SharkNinja by 191.3% during the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock valued at $120,889,000 after buying an additional 709,494 shares during the period. Evercore Wealth Management LLC purchased a new stake in SharkNinja during the 4th quarter valued at $60,164,000. Finally, Disciplined Growth Investors Inc. MN purchased a new stake in SharkNinja during the 2nd quarter valued at $46,048,000. 34.77% of the stock is currently 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.