Key Points
- Insider sale: Neil Shah sold 29,667 SharkNinja shares at an average price of $186.76, generating approximately $5.54 million. His remaining stake fell 32.69% to 61,099 shares.
- Strong quarterly results: SharkNinja reported $1.26 in quarterly EPS and $1.77 billion in revenue, exceeding analyst estimates and marking 22.2% year-over-year revenue growth.
- Positive analyst sentiment: Eleven analysts rate the stock Buy and one rates it Hold, with a Moderate Buy consensus and an average price target of $185.82; several firms recently raised their targets to as high as $210.
SharkNinja, Inc. (NYSE:SN - Get Free Report) insider Neil Shah sold 29,667 shares of the company's stock in a transaction on 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 transaction, the insider owned 61,099 shares of the company's stock, valued at $11,410,849.24. This represents a 32.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
SharkNinja Stock Performance
Shares of SN stock opened at $185.51 on Friday. The stock's 50-day moving average is $146.37 and its two-hundred day moving average is $125.88. The firm has a market cap of $26.25 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 2.36 and a beta of 1.21. SharkNinja, Inc. has a 1 year low of $83.12 and a 1 year high of $187.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.62 and a current ratio of 2.08.
SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating 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 business's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business 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 earnings per share for the current year.
Institutional Trading of SharkNinja
A number of hedge funds have recently added to or reduced their stakes in SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of SharkNinja in the first quarter valued at approximately $27,000. Clearstead Trust LLC acquired a new stake in shares of SharkNinja during the second quarter worth $30,000. Larson Financial Group LLC lifted its holdings in shares of SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company's stock worth $33,000 after purchasing an additional 126 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in shares of SharkNinja by 459.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company's stock worth $34,000 after purchasing an additional 248 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in SharkNinja in the 4th quarter valued at $38,000. 34.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on SN shares. Guggenheim increased their price objective on SharkNinja from $175.00 to $210.00 and gave the company a "buy" rating in a report on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $204.00 target price on shares of SharkNinja in a report on Thursday. Bank of America upped their price target on shares of SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. Jefferies Financial Group reiterated a "buy" rating on shares of SharkNinja in a research note on Wednesday, May 6th. Finally, Piper Sandler reissued an "overweight" rating and set a $200.00 price objective (up from $181.00) on shares of SharkNinja in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $185.82.
Read Our Latest Report on SharkNinja
SharkNinja Company Profile
(
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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