Brokerages Set SharkNinja, Inc. (NYSE:SN) Target Price at $150.00

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $150.00.

Several equities research analysts recently weighed in on the stock. Morgan Stanley set a $128.00 price target on shares of SharkNinja in a research report on Thursday, February 12th. Guggenheim boosted their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research report on Friday, April 10th. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Canaccord Genuity Group boosted their price target on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, May 4th.

SharkNinja Trading Down 1.2%

SharkNinja stock opened at $118.37 on Thursday. The stock has a market cap of $16.75 billion, a P/E ratio of 23.87, a PEG ratio of 1.61 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. SharkNinja has a 1 year low of $80.69 and a 1 year high of $133.99. The firm’s 50 day moving average price is $112.99 and its 200-day moving average price is $113.71.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share. SharkNinja’s quarterly revenue was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, equities analysts predict that SharkNinja will post 5.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the sale, the chief financial officer owned 1,750 shares in the company, valued at approximately $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 40.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SN. Parsifal Capital Management LP purchased a new position in SharkNinja during the third quarter worth $111,773,000. Munro Partners boosted its stake in SharkNinja by 2,371.9% during the fourth quarter. Munro Partners now owns 784,586 shares of the company’s stock worth $87,795,000 after buying an additional 752,846 shares during the period. Morgan Stanley boosted its stake in SharkNinja by 191.3% during the fourth 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 during the period. Evercore Wealth Management LLC purchased a new position in SharkNinja during the fourth quarter worth $60,164,000. Finally, Disciplined Growth Investors Inc. MN purchased a new position in SharkNinja during the second quarter worth $46,048,000. 34.77% of the stock is owned by hedge funds and other 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.