SharkNinja (NYSE:SN) Hits New 1-Year High on Analyst Upgrade

Key Points

• SharkNinja shares reached a new 52-week high of $187.63 after Wall Street Zen upgraded the stock from hold to buy. Analysts remain broadly positive, with 11 buy ratings, one hold rating, and a consensus “Moderate Buy” recommendation.
• Several firms raised their price targets, including JPMorgan to $207, Piper Sandler to $200, Goldman Sachs to $204, and Canaccord Genuity to $210.
• SharkNinja exceeded quarterly expectations, reporting $1.26 in EPS and $1.77 billion in revenue, with revenue rising 22.2% year over year. However, insider Neil B. Shah sold 29,667 shares worth approximately $5.54 million.

SharkNinja, Inc. (NYSE:SN - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $187.63 and last traded at $186.4950, with a volume of 919 shares changing hands. The stock had previously closed at $185.52.

Several other analysts have also weighed in on SN. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $170.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday. Weiss Ratings upgraded shares of SharkNinja from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $200.00 price target (up from $181.00) on shares of SharkNinja in a research note on Thursday. The Goldman Sachs Group reissued a "buy" rating and set a $204.00 price objective on shares of SharkNinja in a research report on Thursday. Finally, Canaccord Genuity Group boosted their target price on SharkNinja from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $185.82.

Insiders Place Their Bets

In other news, insider Neil B. Shah sold 29,667 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $186.76, for a total transaction of $5,540,608.92. Following the completion of the sale, the insider directly owned 61,099 shares of the company's stock, valued at $11,410,849.24. The trade was a 32.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 40.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wealth High Governance Capital Ltda bought a new stake in shares of SharkNinja in the fourth quarter valued at approximately $17,072,000. Strs Ohio raised its holdings in SharkNinja by 23.8% during the 4th quarter. Strs Ohio now owns 201,795 shares of the company's stock valued at $22,581,000 after acquiring an additional 38,815 shares during the period. Nicholas Company Inc. lifted its position in shares of SharkNinja by 30.3% during the fourth quarter. Nicholas Company Inc. now owns 116,041 shares of the company's stock worth $12,985,000 after acquiring an additional 26,962 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in shares of SharkNinja in the fourth quarter worth $1,231,000. Finally, Reynders McVeigh Capital Management LLC boosted its holdings in shares of SharkNinja by 218.1% in the fourth quarter. Reynders McVeigh Capital Management LLC now owns 117,150 shares of the company's stock worth $13,109,000 after acquiring an additional 80,325 shares during the period. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $26.20 billion, a PE ratio of 38.06, a PEG ratio of 2.24 and a beta of 1.21. The company has a 50-day moving average price of $146.37 and a two-hundred day moving average price of $125.87.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.11 by $0.15. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The firm's revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Analysts predict that SharkNinja, Inc. will post 5.77 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source