SharkNinja (NYSE:SN) Hits New 1-Year High on Analyst Upgrade

SharkNinja, Inc. (NYSE:SN) shares hit a new 52-week high during mid-day trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $187.63 and last traded at $186.4950, with a volume of 919 shares changing hands. The stock had previously closed at $185.52.

Several other analysts have also weighed in on SN. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings upgraded shares of SharkNinja from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price target (up from $181.00) on shares of SharkNinja in a research note on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $204.00 price objective on shares of SharkNinja in a research report on Thursday. Finally, Canaccord Genuity Group boosted their target price on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $185.82.

Insiders Place Their Bets

In other news, insider Neil B. Shah sold 29,667 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $186.76, for a total transaction of $5,540,608.92. Following the completion of the sale, the insider directly owned 61,099 shares of the company’s stock, valued at $11,410,849.24. The trade was a 32.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 40.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wealth High Governance Capital Ltda bought a new stake in shares of SharkNinja in the fourth quarter valued at approximately $17,072,000. Strs Ohio raised its holdings in SharkNinja by 23.8% during the 4th quarter. Strs Ohio now owns 201,795 shares of the company’s stock valued at $22,581,000 after acquiring an additional 38,815 shares during the period. Nicholas Company Inc. lifted its position 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 acquiring an additional 26,962 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in shares of SharkNinja in the fourth quarter worth $1,231,000. Finally, Reynders McVeigh Capital Management LLC boosted its holdings in shares of SharkNinja by 218.1% in the fourth quarter. Reynders McVeigh Capital Management LLC now owns 117,150 shares of the company’s stock worth $13,109,000 after acquiring an additional 80,325 shares during the period. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $26.20 billion, a PE ratio of 38.06, a PEG ratio of 2.24 and a beta of 1.21. The company has a 50-day moving average price of $146.37 and a two-hundred day moving average price of $125.87.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping the consensus estimate 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 return on equity of 27.79% and a net margin of 10.06%.The firm’s revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Analysts predict that SharkNinja, Inc. will post 5.77 EPS for the current fiscal year.

About SharkNinja

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.