SharkNinja, Inc. (NYSE:SN) Stock Rated "Buy" by Sell-Side Analysts

Key Points

• Analysts maintain a bullish outlook: All 12 covering firms rate SharkNinja “Buy,” with an average 12-month price target of $188.59. Several brokerages recently raised their targets, including Guggenheim to $210 and UBS Group to $219.10.
• Recent financial results exceeded expectations: SharkNinja reported quarterly EPS of $1.26 versus the $1.11 consensus and revenue of $1.77 billion versus $1.65 billion expected, with revenue up 22.2% year over year.
• The stock is trading near its 52-week high: Shares opened at $184.62, compared with a 52-week range of $83.12 to $194.54. Insider Neil Shah sold 50,000 shares, while institutional investors own 34.77% of the company.

SharkNinja, Inc. (NYSE:SN - Get Free Report) has been given an average recommendation of "Buy" by the twelve research firms that are covering the stock, Marketbeat reports. Twelve research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $188.59.

A number of brokerages recently commented on SN. Oppenheimer upped their price target on shares of SharkNinja from $145.00 to $170.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Bank of America lifted their price objective on shares of SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a research note on Tuesday, July 7th. UBS Group reissued a "buy" rating and set a $219.10 target price on shares of SharkNinja in a report on Wednesday, August 12th. Guggenheim increased their target price on SharkNinja from $175.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised SharkNinja from a "hold" rating to a "buy" rating in a report on Saturday, August 8th.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total value of $9,318,000.00. Following the completion of the transaction, the insider owned 497,220 shares in the company, valued at $92,661,919.20. This trade represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 100,000 shares of company stock worth $18,613,911. Corporate insiders own 40.80% of the company's stock.

Institutional Investors Weigh In On SharkNinja

Several hedge funds and other institutional investors have recently modified their holdings of SN. Munro Partners grew its position in shares of SharkNinja by 2,371.9% during the 4th quarter. Munro Partners now owns 784,586 shares of the company's stock valued at $87,795,000 after purchasing an additional 752,846 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of SharkNinja in the second quarter worth $81,134,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of SharkNinja in the fourth quarter worth $49,012,000. Voss Capital LP raised its position in shares of SharkNinja by 75.2% in the fourth quarter. Voss Capital LP now owns 958,952 shares of the company's stock worth $107,307,000 after buying an additional 411,452 shares in the last quarter. Finally, Norges Bank bought a new stake in SharkNinja during the fourth quarter valued at $35,706,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Trading Up 1.1%

Shares of SharkNinja stock opened at $184.62 on Wednesday. SharkNinja has a 52-week low of $83.12 and a 52-week high of $194.54. The stock's 50-day simple moving average is $176.97 and its 200 day simple moving average is $143.33. The stock has a market capitalization of $26.01 billion, a P/E ratio of 37.68, a P/E/G ratio of 2.16 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company's revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, research analysts anticipate that SharkNinja will post 5.89 EPS for the current year.

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.

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