Key Points
- SharkNinja CFO Adam Quigley sold 6,923 shares on May 8 at an average price of $112.97, totaling about $782,091. After the sale, he held 1,750 shares, cutting his stake by roughly 79.8%.
- The company reported solid quarterly results on May 6, with EPS of $1.09, beating estimates, and revenue of $1.41 billion, also above expectations. Revenue rose 15.6% year over year, and SharkNinja maintained strong profitability metrics.
- Analysts remain broadly positive on SharkNinja, with eight Buy ratings and two Hold ratings, and a consensus price target of $150.00. Recent target increases from firms like Oppenheimer and JPMorgan suggest continued confidence in the stock.
SharkNinja, Inc. (NYSE:SN - Get Free Report) CFO Adam Quigley sold 6,923 shares of the 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 transaction, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. This represents a 79.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Adam Quigley also recently made the following trade(s):
- On Wednesday, March 4th, Adam Quigley sold 2,620 shares of SharkNinja stock. The shares were sold at an average price of $114.36, for a total value of $299,623.20.
SharkNinja Stock Performance
NYSE SN opened at $108.56 on Wednesday. The company has a market cap of $15.36 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.42 and a beta of 1.37. The stock's 50 day simple moving average is $110.55 and its 200-day simple moving average is $110.58. SharkNinja, Inc. has a 1-year low of $80.69 and a 1-year high of $133.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62.
SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The business's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities research analysts anticipate that SharkNinja, Inc. will post 5.81 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Jefferies Financial Group restated a "buy" rating on shares of SharkNinja in a research report on Wednesday, May 6th. Morgan Stanley set a $128.00 target price on SharkNinja in a research report on Thursday, February 12th. Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a research report on Saturday. Oppenheimer raised their target price on SharkNinja from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on SharkNinja from $144.00 to $146.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $150.00.
Check Out Our Latest Stock Report on SharkNinja
Hedge Funds Weigh In On SharkNinja
A number of institutional investors have recently added to or reduced their stakes in SN. Parsifal Capital Management LP purchased a new position in SharkNinja during the third quarter worth approximately $111,773,000. Munro Partners lifted its position in SharkNinja by 2,371.9% during the fourth quarter. Munro Partners now owns 784,586 shares of the company's stock worth $87,795,000 after buying an additional 752,846 shares in the last quarter. Morgan Stanley lifted its position in SharkNinja by 191.3% during the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company's stock worth $120,889,000 after buying an additional 709,494 shares in the last quarter. Evercore Wealth Management LLC purchased a new position in SharkNinja during the fourth quarter worth approximately $60,164,000. Finally, Disciplined Growth Investors Inc. MN acquired a new stake in SharkNinja during the second quarter worth $46,048,000. Hedge funds and other institutional investors own 34.77% of the company's stock.
About SharkNinja
(
Get Free Report)
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.
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