SharkNinja (NYSE:SN) Hits New 12-Month High After Analyst Upgrade

Key Points

• SharkNinja shares reached a new 52-week high, rising to $196.56 after JPMorgan raised its price target from $207 to $223 and maintained an overweight rating.
• Analyst sentiment remains strongly positive: 12 analysts rate the stock a Buy, with a consensus rating of Buy and an average target price of $189.92.
• The company reported strong quarterly results, beating earnings and revenue estimates, with revenue up 22.2% year over year; meanwhile, insiders have sold 100,000 shares worth approximately $18.6 million over the past 90 days.

SharkNinja, Inc. (NYSE:SN - Get Free Report) reached a new 52-week high during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $207.00 to $223.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. SharkNinja traded as high as $196.56 and last traded at $196.3490, with a volume of 494,816 shares changing hands. The stock had previously closed at $188.94.

A number of other equities analysts also recently commented on SN. Guggenheim raised their target price on shares of SharkNinja from $175.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of SharkNinja from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings raised shares of SharkNinja from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 17th. TD Cowen increased their price target on SharkNinja from $160.00 to $205.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $204.00 price target on shares of SharkNinja in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $189.92.

Insiders Place Their Bets

In related news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction on 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 owned 497,220 shares of the company's stock, valued at $92,661,919.20. The trade was a 9.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 100,000 shares of company stock worth $18,613,911. 40.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SN. WCM Investment Management LLC lifted its stake in SharkNinja by 4.3% during the first quarter. WCM Investment Management LLC now owns 793,063 shares of the company's stock worth $77,419,000 after purchasing an additional 32,524 shares during the last quarter. Evercore Wealth Management LLC increased its stake in SharkNinja by 24.7% during the first quarter. Evercore Wealth Management LLC now owns 670,411 shares of the company's stock valued at $70,997,000 after purchasing an additional 132,749 shares during the last quarter. Bank of America Corp DE increased its stake in SharkNinja by 17.9% during the first quarter. Bank of America Corp DE now owns 559,813 shares of the company's stock valued at $59,284,000 after purchasing an additional 84,796 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in SharkNinja during the second quarter valued at $81,134,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of SharkNinja by 29.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 394,505 shares of the company's stock worth $41,778,000 after purchasing an additional 89,350 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Up 4.2%

The stock's fifty day simple moving average is $179.81 and its two-hundred day simple moving average is $148.67. 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 company has a market capitalization of $27.74 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 2.21 and a beta of 1.27.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $0.97 EPS. The company's quarterly revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, sell-side analysts predict that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

SharkNinja Company Profile

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.

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