SharkNinja (NYSE:SN) Downgraded to "Hold" Rating by Wall Street Zen

SharkNinja (NYSE:SN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

SN has been the topic of a number of other research reports. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $160.00 to $161.00 and gave the company a "buy" rating in a report on Monday. National Bank Financial set a $145.00 price objective on SharkNinja in a report on Tuesday, March 17th. TD Cowen reaffirmed a "buy" rating on shares of SharkNinja in a research report on Wednesday, January 14th. Oppenheimer lifted their target price on SharkNinja from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, February 13th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of SharkNinja in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.00.

SharkNinja Trading Down 1.4%

NYSE SN opened at $111.51 on Friday. The company has a market cap of $15.78 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.51 and a beta of 1.37. SharkNinja has a 12 month low of $80.69 and a 12 month high of $133.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.47. The company has a 50-day moving average of $111.57 and a 200-day moving average of $110.23.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm earned $0.87 earnings per share. SharkNinja's revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities analysts predict that SharkNinja will post 5.77 earnings per share for the current year.

Insider Buying and Selling at SharkNinja

In related news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total value of $299,623.20. Following the completion of the sale, the chief financial officer owned 8,673 shares in the company, valued at approximately $991,844.28. The trade was a 23.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.12% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Parsifal Capital Management LP acquired a new stake in shares of SharkNinja in the 3rd quarter valued at about $111,773,000. Munro Partners grew its stake in SharkNinja by 2,371.9% in the fourth quarter. Munro Partners now owns 784,586 shares of the company's stock worth $87,795,000 after purchasing an additional 752,846 shares in the last quarter. Morgan Stanley increased its holdings in SharkNinja by 191.3% in the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company's stock valued at $120,889,000 after buying an additional 709,494 shares during the last quarter. Evercore Wealth Management LLC acquired a new stake in SharkNinja during the fourth quarter valued at approximately $60,164,000. Finally, Disciplined Growth Investors Inc. MN acquired a new stake in SharkNinja during the second quarter valued at approximately $46,048,000. 34.77% of the stock is 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.

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