SharkNinja (NYSE:SN) Upgraded to “Buy” at Wall Street Zen

SharkNinja (NYSE:SN) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research firms also recently weighed in on SN. Jefferies Financial Group reissued a “buy” rating and set a $200.00 target price on shares of SharkNinja in a report on Wednesday, February 11th. Bank of America upped their price target on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Canaccord Genuity Group set a $160.00 price target on shares of SharkNinja in a research report on Thursday, February 12th. Morgan Stanley set a $128.00 price objective on shares of SharkNinja in a research note on Thursday, February 12th. Finally, Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.78.

SharkNinja Trading Down 1.7%

Shares of NYSE:SN opened at $99.99 on Friday. SharkNinja has a 12-month low of $60.50 and a 12-month high of $133.99. The business has a 50 day moving average of $120.80 and a 200-day moving average of $109.33. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.26. The stock has a market cap of $14.12 billion, a PE ratio of 20.24, a P/E/G ratio of 1.36 and a beta of 1.39.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, equities research analysts forecast that SharkNinja will post 4.52 earnings per share for the current year.

Insider Buying and Selling at SharkNinja

In related news, CFO Adam Quigley sold 2,620 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the sale, the chief financial officer directly owned 8,673 shares in the company, valued at $991,844.28. This represents a 23.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SN. Geneos Wealth Management Inc. bought a new stake in shares of SharkNinja during the 3rd quarter valued at approximately $29,000. Transamerica Financial Advisors LLC lifted its stake in SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares during the last quarter. Larson Financial Group LLC boosted its position in SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of SharkNinja during the fourth quarter worth $38,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of SharkNinja during the third quarter worth $46,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.