SharkNinja (NYSE:SN) Price Target Raised to $223.00

SharkNinja (NYSE:SN) had its price target lifted by JPMorgan Chase & Co. from $207.00 to $223.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently weighed in on SN. Piper Sandler reiterated an “overweight” rating and set a $200.00 target price (up from $181.00) on shares of SharkNinja in a research report on Thursday, August 6th. Guggenheim upped their price target on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Oppenheimer upped their price target on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. TD Cowen raised their price objective on SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Canaccord Genuity Group lifted their price objective on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $189.92.

SharkNinja Stock Down 0.4%

Shares of SN stock opened at $197.86 on Monday. SharkNinja has a 12 month low of $83.12 and a 12 month high of $200.39. The stock has a market cap of $27.87 billion, a P/E ratio of 40.38, a P/E/G ratio of 2.35 and a beta of 1.27. 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 company has a 50 day simple moving average of $180.26 and a two-hundred day simple moving average of $149.97.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.15. The business had revenue of $1.77 billion for 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% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, research analysts expect that SharkNinja will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Neil Shah sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total value of $9,318,000.00. Following the transaction, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 100,000 shares of company stock worth $18,613,911 over the last quarter. 40.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On SharkNinja

Hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd purchased a new stake in shares of SharkNinja in the second quarter worth about $2,463,000. Saudi Central Bank purchased a new position in SharkNinja during the 2nd quarter valued at approximately $908,000. Raiffeisen Bank International AG grew its holdings in SharkNinja by 170.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 216,632 shares of the company’s stock valued at $31,711,000 after buying an additional 136,632 shares in the last quarter. Tidal Investments LLC grew its holdings in SharkNinja by 25.1% during the 2nd quarter. Tidal Investments LLC now owns 73,873 shares of the company’s stock valued at $11,249,000 after buying an additional 14,803 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in SharkNinja in the 2nd quarter worth approximately $3,717,000. Institutional investors own 34.77% of the company’s stock.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company’s portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.