SharkNinja (NYSE:SN) Trading Down 6.5% – What’s Next?

SharkNinja, Inc. (NYSE:SN) shares dropped 6.5% on Tuesday . The stock traded as low as $180.76 and last traded at $180.00. 711,154 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 1,842,527 shares. The stock had previously closed at $192.49.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Weiss Ratings upgraded SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Oppenheimer upped their target price on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Guggenheim increased their target price on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research report 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, Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $188.59.

SharkNinja Stock Performance

The stock’s fifty day simple moving average is $165.82 and its two-hundred day simple moving average is $133.97. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities research analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Buying and Selling

In other SharkNinja news, insider Neil B. Shah sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was 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 $92,661,919.20. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 100,000 shares of company stock worth $18,613,911 in the last ninety days. Corporate insiders own 40.80% of the company’s stock.

Institutional Trading of SharkNinja

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in SharkNinja during the first quarter valued at approximately $27,000. Clearstead Trust LLC acquired a new stake in shares of SharkNinja in the second quarter worth $30,000. Larson Financial Group LLC increased its position in shares of 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 in the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after acquiring an additional 248 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of SharkNinja in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.