SharkNinja (NYSE:SN) Upgraded at Piper Sandler

SharkNinja (NYSE:SN) was upgraded by equities research analysts at Piper Sandler to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts have also weighed in on SN. National Bank Financial set a $145.00 price objective on SharkNinja in a research note on Tuesday, March 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Oppenheimer lifted 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. Finally, Canaccord Genuity Group boosted their price objective on SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Stock Performance

NYSE:SN opened at $128.40 on Tuesday. SharkNinja has a twelve month low of $80.69 and a twelve month high of $133.99. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $114.13 and a 200-day moving average of $114.31. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.34.

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

Insider Buying and Selling at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the transaction, the chief financial officer directly owned 1,750 shares in the company, valued at $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 40.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in SharkNinja during the 1st quarter worth $27,000. Larson Financial Group LLC boosted its holdings in SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares during the period. Transamerica Financial Advisors LLC grew its position in shares of SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of SharkNinja in the fourth quarter valued at about $38,000. Finally, Sunbelt Securities Inc. bought a new position in shares of SharkNinja in the third quarter worth about $46,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.