SharkNinja (NYSE:SN) Price Target Raised to $165.00

SharkNinja (NYSE:SN) had its price objective upped by stock analysts at Bank of America from $145.00 to $165.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 9.73% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Piper Sandler began coverage on shares of SharkNinja in a report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 target price on the stock. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group lifted 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. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $155.00.

SharkNinja Stock Up 1.0%

Shares of SN stock traded up $1.45 during trading hours on Tuesday, hitting $150.37. 639,636 shares of the company were exchanged, compared to its average volume of 1,907,132. The stock has a market capitalization of $21.28 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 2.03 and a beta of 1.22. SharkNinja has a one year low of $83.12 and a one year high of $154.04. The business’s 50-day simple moving average is $124.04 and its two-hundred day simple moving average is $118.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share 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 firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $0.87 earnings per share. SharkNinja’s quarterly revenue was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Sell-side analysts predict that SharkNinja will post 5.74 EPS for the current fiscal year.

Insider Transactions at SharkNinja

In other news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. This represents a 79.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 40.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On SharkNinja

Institutional investors have recently added to or reduced their stakes in the company. Parsifal Capital Management LP acquired a new position in shares of SharkNinja in the 3rd quarter valued at about $111,773,000. Munro Partners grew its position in SharkNinja by 2,371.9% during the fourth quarter. Munro Partners now owns 784,586 shares of the company’s stock valued at $87,795,000 after purchasing an additional 752,846 shares in the last quarter. Morgan Stanley increased its stake in SharkNinja by 191.3% in the 4th 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 period. Evercore Wealth Management LLC acquired a new position in SharkNinja in the 4th quarter valued at approximately $60,164,000. Finally, Disciplined Growth Investors Inc. MN purchased a new stake in SharkNinja in the 2nd quarter worth approximately $46,048,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.