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

SharkNinja, Inc. (NYSE:SN)’s share price was down 6.5% during mid-day trading on Tuesday . The company traded as low as $180.76 and last traded at $180.00. Approximately 711,154 shares were traded during 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 analysts have issued reports on the company. Guggenheim boosted 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. TD Cowen raised their price target on SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 7th. Oppenheimer upped their price objective on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Weiss Ratings upgraded SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.59.

SharkNinja Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The company has a 50-day moving average price of $164.32 and a 200-day moving average price of $133.30. The firm has a market capitalization of $24.79 billion, a PE ratio of 35.92, a P/E/G ratio of 2.26 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. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Sell-side analysts forecast that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Activity at SharkNinja

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. In the last three months, insiders sold 100,000 shares of company stock worth $18,613,911. Corporate insiders own 40.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in SharkNinja in the 1st quarter worth approximately $27,000. Clearstead Trust LLC acquired a new stake in SharkNinja during the 2nd quarter valued at $30,000. Larson Financial Group LLC increased its stake in SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after buying an additional 126 shares during the period. Transamerica Financial Advisors LLC increased its stake in SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after buying an additional 248 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in SharkNinja during the 4th quarter worth $38,000. 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.