SharkNinja (NYSE:SN) Shares Up 9.6% After Analyst Upgrade

SharkNinja, Inc. (NYSE:SN) shares shot up 9.6% during mid-day trading on Tuesday after Piper Sandler upgraded the stock to a strong-buy rating. The company traded as high as $128.76 and last traded at $129.6360. 215,522 shares were traded during trading, a decline of 89% from the average session volume of 1,925,763 shares. The stock had previously closed at $118.28.

A number of other equities research analysts also recently weighed in on SN. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. National Bank Financial set a $145.00 target price on SharkNinja in a report on Tuesday, March 17th. Morgan Stanley set a $128.00 target price on SharkNinja in a report on Thursday, February 12th. Finally, Guggenheim lifted their target price on SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Insider Buying and Selling

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 40.80% of the company’s stock.

Institutional Investors Weigh In On SharkNinja

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of SharkNinja by 21.8% during the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after buying an additional 12,851 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of SharkNinja during the first quarter valued at approximately $369,000. Goldman Sachs Group Inc. boosted its position in shares of SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after buying an additional 317,730 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of SharkNinja by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after buying an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of SharkNinja during the first quarter valued at approximately $656,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

The company has a market cap of $18.17 billion, a PE ratio of 25.89, a PEG ratio of 1.73 and a beta of 1.34. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $114.13 and a 200-day moving average of $114.31.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.SharkNinja’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, analysts anticipate that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

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.