SharkNinja (NYSE:SN) Stock Gets Price Target Boost from Piper Sandler

SharkNinja (NYSE:SN) had its target price hoisted by equities research analysts at Piper Sandler from $200.00 to $234.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler‘s price objective would suggest a potential upside of 19.66% from the company’s current price.

A number of other brokerages have also recently commented on SN. TD Cowen lifted their price target on SharkNinja from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group reaffirmed a “buy” rating and issued a $219.10 target price on shares of SharkNinja in a research note on Wednesday, August 12th. Oppenheimer increased their price target on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Bank of America raised their price target on shares of SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $207.00 to $223.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. Twelve investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $194.84.

SharkNinja Stock Down 1.0%

SN traded down $1.98 during trading on Wednesday, reaching $195.55. The stock had a trading volume of 87,245 shares, compared to its average volume of 1,803,567. The business has a 50-day moving average of $181.49 and a 200-day moving average of $141.48. SharkNinja has a one year low of $83.12 and a one year high of $200.38.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. SharkNinja’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, research analysts expect that SharkNinja will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction that occurred on Wednesday, August 26th. The stock was 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 in the company, valued at $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 100,000 shares of company stock valued at $18,613,911. 40.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SN. WPG Advisers LLC boosted its stake in SharkNinja by 494.1% during the third quarter. WPG Advisers LLC now owns 1,004 shares of the company’s stock worth $181,000 after acquiring an additional 835 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in shares of SharkNinja by 4.9% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,576 shares of the company’s stock valued at $284,000 after purchasing an additional 74 shares in the last quarter. North Dakota State Investment Board increased its stake in shares of SharkNinja by 3.5% during the third quarter. North Dakota State Investment Board now owns 2,563 shares of the company’s stock valued at $462,000 after purchasing an additional 87 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in shares of SharkNinja during the third quarter valued at approximately $476,000. Finally, Latitude Advisors LLC purchased a new position in shares of SharkNinja during the third quarter valued at approximately $37,000. 34.77% of the stock is currently owned by institutional investors.

About SharkNinja

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.