SharkNinja (NYSE:SN) Price Target Raised to $207.00

SharkNinja (NYSE:SN) had its price target raised by JPMorgan Chase & Co. from $170.00 to $207.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Bank of America raised their target price on shares of SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $204.00 price objective on shares of SharkNinja in a research note on Thursday. TD Cowen raised their price objective on shares of SharkNinja from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.82.

SharkNinja Price Performance

NYSE SN opened at $185.51 on Thursday. The business’s fifty day moving average is $146.37 and its 200 day moving average is $125.88. SharkNinja has a fifty-two week low of $83.12 and a fifty-two week high of $187.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.62 and a current ratio of 2.08. The company has a market capitalization of $26.13 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 2.43 and a beta of 1.21.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Sell-side analysts predict that SharkNinja will post 5.77 earnings per share for the current year.

Insider Transactions at SharkNinja

In related news, insider Neil B. Shah sold 29,667 shares of SharkNinja stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $186.76, for a total transaction of $5,540,608.92. Following the sale, the insider owned 61,099 shares of the company’s stock, valued at approximately $11,410,849.24. This trade represents a 32.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 40.80% of the company’s stock.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors have recently added to or reduced their stakes in the stock. Clearstead Trust LLC purchased a new position in shares of SharkNinja in the second quarter worth $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of SharkNinja during the first quarter worth $27,000. Transamerica Financial Advisors LLC grew its stake in SharkNinja by 459.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after acquiring an additional 248 shares in the last quarter. Larson Financial Group LLC grew its stake in SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in SharkNinja in the 4th quarter valued at $38,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.