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

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

Wall Street Analyst Weigh In

SN has been the topic of several recent research reports. Canaccord Genuity Group upped their price objective on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Piper Sandler reissued an “overweight” rating and set a $200.00 price target (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. UBS Group restated a “buy” rating and set a $219.10 price target on shares of SharkNinja in a research report on Wednesday, August 12th. Finally, TD Cowen upped their price objective on shares of SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.59.

SharkNinja Stock Performance

The firm’s fifty day moving average is $164.32 and its 200-day moving average is $133.30. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $24.79 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.21.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. The company 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%.SharkNinja’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, research analysts anticipate that SharkNinja, Inc. will post 5.89 earnings per share for the current year.

Insider Transactions at SharkNinja

In related news, insider Neil B. Shah sold 50,000 shares of the business’s stock in a transaction that occurred on 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 owned 497,220 shares in the company, valued at $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 100,000 shares of company stock worth $18,613,911. 40.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio increased its holdings in shares of SharkNinja by 23.8% in the fourth quarter. Strs Ohio now owns 201,795 shares of the company’s stock valued at $22,581,000 after purchasing an additional 38,815 shares during the period. Nicholas Company Inc. lifted its holdings 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 purchasing an additional 26,962 shares during the period. K.J. Harrison & Partners Inc acquired a new stake in shares of SharkNinja during the fourth quarter worth $1,231,000. Raiffeisen Bank International AG grew its position in SharkNinja by 33.3% in the 4th quarter. Raiffeisen Bank International AG now owns 80,000 shares of the company’s stock valued at $9,095,000 after buying an additional 20,000 shares during the last quarter. Finally, Goodnow Investment Group LLC purchased a new position in SharkNinja in the 4th quarter valued at $16,510,000. Institutional investors and hedge funds 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.