SharkNinja (NYSE:SN) Shares Climb 4.2% - Should You Buy?

Key Points

• SharkNinja shares rose 4.2% to about $192.73, although trading volume was 75% below the average daily level.
• Analysts remain bullish: all 12 covering analysts rate the stock a Buy, with a consensus price target of $188.59; recent targets range from $204 to $210.
• The company reported strong quarterly results, with EPS of $1.26 versus a $1.11 estimate and revenue up 22.2% year over year to $1.77 billion. However, insiders have sold 100,000 shares worth roughly $18.6 million over the past 90 days.

SharkNinja, Inc. (NYSE:SN - Get Free Report)'s share price was up 4.2% on Monday. The stock traded as high as $192.68 and last traded at $192.7250. 453,781 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,844,297 shares. The stock had previously closed at $184.98.

Analyst Upgrades and Downgrades

SN has been the subject of a number of analyst reports. Weiss Ratings raised SharkNinja from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 17th. The Goldman Sachs Group reissued a "buy" rating and issued a $204.00 target price on shares of SharkNinja in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on SharkNinja from $170.00 to $207.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Wall Street Zen raised SharkNinja from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Canaccord Genuity Group raised their price target on SharkNinja from $185.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $188.59.

SharkNinja Stock Up 4.1%

The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The firm has a market cap of $27.12 billion, a P/E ratio of 39.32, a PEG ratio of 2.19 and a beta of 1.27. The company's 50 day simple moving average is $178.36 and its 200-day simple moving average is $145.09.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter last year, the company posted $0.97 earnings per share. The firm'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. Research analysts forecast that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling at SharkNinja

In related news, insider Neil Shah sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the completion of the sale, the insider directly owned 497,220 shares of the company's stock, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 100,000 shares of company stock worth $18,613,911. 40.80% of the stock is owned by insiders.

Institutional Trading of SharkNinja

A number of large investors have recently added to or reduced their stakes in SN. Wedmont Private Capital boosted its holdings in shares of SharkNinja by 26.9% in the 3rd quarter. Wedmont Private Capital now owns 6,461 shares of the company's stock valued at $1,194,000 after acquiring an additional 1,371 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of SharkNinja by 64.8% during the third quarter. GAMMA Investing LLC now owns 2,078 shares of the company's stock worth $374,000 after purchasing an additional 817 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of SharkNinja by 33,183.3% during the third quarter. CoreCap Advisors LLC now owns 1,997 shares of the company's stock worth $360,000 after purchasing an additional 1,991 shares during the last quarter. Zevenbergen Capital Investments LLC lifted its position in SharkNinja by 4.0% during the third quarter. Zevenbergen Capital Investments LLC now owns 145,282 shares of the company's stock valued at $26,168,000 after purchasing an additional 5,557 shares during the period. Finally, Toth Financial Advisory Corp lifted its position in SharkNinja by 1.9% during the third quarter. Toth Financial Advisory Corp now owns 8,471 shares of the company's stock valued at $1,526,000 after purchasing an additional 161 shares during the period. Institutional investors own 34.77% of the company's stock.

About SharkNinja

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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