SharkNinja (NYSE:SN) Rating Increased to Strong-Buy at Piper Sandler

Piper Sandler upgraded shares of SharkNinja (NYSE:SN) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Guggenheim raised their target price on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Morgan Stanley set a $128.00 target price on SharkNinja in a research note on Thursday, February 12th. Canaccord Genuity Group raised their target price on SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Oppenheimer raised their target price on SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Trading Down 0.1%

NYSE:SN opened at $128.40 on Tuesday. The business’s 50-day moving average is $114.13 and its two-hundred day moving average is $114.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. SharkNinja has a 12 month low of $80.69 and a 12 month high of $133.99. The firm has a market capitalization of $18.17 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.34.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company posted $0.87 earnings per share. The firm’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. Research analysts predict that SharkNinja will post 5.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the transaction, the chief financial officer directly owned 1,750 shares in the company, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 40.80% of the company’s stock.

Hedge Funds Weigh In On SharkNinja

Large investors have recently bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in SharkNinja in the first quarter worth about $27,000. Larson Financial Group LLC lifted its holdings in SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares during the last quarter. Transamerica Financial Advisors LLC lifted its holdings in SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after acquiring an additional 248 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in SharkNinja in the fourth quarter worth about $38,000. Finally, Sunbelt Securities Inc. bought a new position in SharkNinja in the third quarter worth about $46,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

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.