SharkNinja (NYSE:SN) Shares Up 4.2% – Here’s Why

SharkNinja, Inc. (NYSE:SN) was up 4.2% on Monday. The company traded as high as $192.68 and last traded at $192.7250. 453,781 shares were traded during trading, a decline of 75% from the average daily volume of 1,844,297 shares. The stock had previously closed at $184.98.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen boosted their price objective on SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised their target price on SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Oppenheimer lifted their price target on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. UBS Group reiterated a “buy” rating and set a $219.10 price target on shares of SharkNinja in a research report on Wednesday, August 12th. Finally, Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Twelve equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, SharkNinja currently has a consensus rating of “Buy” and a consensus target price of $188.59.

SharkNinja Price Performance

The stock has a market capitalization of $27.12 billion, a PE ratio of 39.32, a P/E/G ratio of 2.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The stock’s fifty day moving average is $178.36 and its 200-day moving average is $145.09.

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. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, equities analysts predict that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Neil Shah sold 50,000 shares of the 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 sale, the insider directly owned 497,220 shares of the company’s stock, valued at $92,661,919.20. This represents a 9.14% decrease in their position. The transaction 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 worth $18,613,911. Corporate insiders own 40.80% of the company’s stock.

Hedge Funds Weigh In On SharkNinja

Several institutional investors and hedge funds have recently modified their holdings of the business. Wedmont Private Capital raised its holdings in SharkNinja by 26.9% in the 3rd quarter. Wedmont Private Capital now owns 6,461 shares of the company’s stock worth $1,194,000 after purchasing an additional 1,371 shares during the period. GAMMA Investing LLC grew its holdings in SharkNinja by 64.8% in the third quarter. GAMMA Investing LLC now owns 2,078 shares of the company’s stock valued at $374,000 after purchasing an additional 817 shares during the period. CoreCap Advisors LLC grew its holdings in SharkNinja by 33,183.3% in the third quarter. CoreCap Advisors LLC now owns 1,997 shares of the company’s stock valued at $360,000 after purchasing an additional 1,991 shares during the period. Zevenbergen Capital Investments LLC grew its holdings in SharkNinja by 4.0% in the third quarter. Zevenbergen Capital Investments LLC now owns 145,282 shares of the company’s stock valued at $26,168,000 after purchasing an additional 5,557 shares during the period. Finally, Toth Financial Advisory Corp increased its position in shares of SharkNinja by 1.9% in the third quarter. Toth Financial Advisory Corp now owns 8,471 shares of the company’s stock valued at $1,526,000 after buying an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

SharkNinja, Inc is a global product design and technology company that develops consumer appliances and household products under the Shark and Ninja brands. Its portfolio includes vacuum cleaners, cordless and robot cleaning systems, steam mops, air purifiers, and other home-care products, as well as blenders, food processors, air fryers, coffee makers, cookware, and other kitchen appliances.

The company also offers products in categories such as beauty and personal care, including hair-styling tools.