SharkNinja (NYSE:SN) Reaches New 1-Year High After Analyst Upgrade

Key Points

• SharkNinja shares reached a new 52-week high of $202.17 after Piper Sandler raised its price target from $200 to $234 and maintained an overweight rating.
• Analyst sentiment remains positive: all 12 covering analysts rate the stock a Buy, though the consensus price target is $194.84, below its current trading level.
• SharkNinja reported strong quarterly results, with earnings of $1.26 per share and revenue of $1.77 billion, up 22.2% year over year and above analyst expectations.

Shares of SharkNinja, Inc. (NYSE:SN - Get Free Report) hit a new 52-week high on Thursday after Piper Sandler raised their price target on the stock from $200.00 to $234.00. Piper Sandler currently has an overweight rating on the stock. SharkNinja traded as high as $202.17 and last traded at $202.0650, with a volume of 240,182 shares traded. The stock had previously closed at $198.17.

SN has been the topic of a number of other research reports. Weiss Ratings raised shares of SharkNinja from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 17th. Bank of America raised their target price 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. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $204.00 price target on shares of SharkNinja in a report on Thursday, August 6th. Wall Street Zen raised shares of SharkNinja from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, UBS Group reaffirmed a "buy" rating and set a $219.10 price target on shares of SharkNinja in a research report on Wednesday, August 12th. Twelve analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $194.84.

Insider Transactions at SharkNinja

In other 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 completion of the sale, the insider directly owned 497,220 shares in the company, valued at approximately $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 100,000 shares of company stock worth $18,613,911. Corporate insiders own 40.80% of the company's stock.

Institutional Trading of SharkNinja

Large investors have recently made changes to their positions in the business. WCM Investment Management LLC lifted its holdings in shares of SharkNinja by 4.3% in the 1st quarter. WCM Investment Management LLC now owns 793,063 shares of the company's stock valued at $77,419,000 after buying an additional 32,524 shares during the period. Evercore Wealth Management LLC boosted its position in SharkNinja by 24.7% in the 1st quarter. Evercore Wealth Management LLC now owns 670,411 shares of the company's stock worth $70,997,000 after purchasing an additional 132,749 shares in the last quarter. Bank of America Corp DE grew its stake in shares of SharkNinja by 17.9% during the 1st quarter. Bank of America Corp DE now owns 559,813 shares of the company's stock worth $59,284,000 after purchasing an additional 84,796 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of SharkNinja during the 2nd quarter worth approximately $81,134,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of SharkNinja by 11.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 391,140 shares of the company's stock valued at $41,652,000 after purchasing an additional 41,323 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

The stock has a market capitalization of $28.37 billion, a PE ratio of 40.90, a P/E/G ratio of 2.32 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 $181.81 and its 200-day moving average is $141.85.

SharkNinja (NYSE:SN - Get Free Report) 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.

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.

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