Key Points
- Insider sale: Neil Shah sold 20,333 SharkNinja shares at an average price of $184.69, generating approximately $3.76 million. His remaining ownership fell by 33.28% to 40,766 shares.
- Strong quarterly results: SharkNinja reported quarterly EPS of $1.26, beating estimates of $1.11, while revenue rose 22.2% year over year to $1.77 billion.
- Positive analyst sentiment: Multiple firms raised their price targets, with the stock receiving a consensus “Moderate Buy” rating and an average target of $185.82. Institutional investors own approximately 34.77% of the company.
SharkNinja, Inc. (NYSE:SN - Get Free Report) insider Neil Shah sold 20,333 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $184.69, for a total value of $3,755,301.77. Following the completion of the transaction, the insider directly owned 40,766 shares of the company's stock, valued at approximately $7,529,072.54. This trade represents a 33.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
SharkNinja Stock Up 0.9%
SN opened at $187.89 on Wednesday. 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 firm has a market cap of $26.47 billion, a P/E ratio of 38.34, a PEG ratio of 2.24 and a beta of 1.21. SharkNinja, Inc. has a 52 week low of $83.12 and a 52 week high of $191.22. The business's fifty day simple moving average is $148.95 and its 200 day simple moving average is $126.76.
SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.15. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter last year, the business posted $0.97 EPS. The firm's quarterly revenue was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, equities research analysts anticipate that SharkNinja, Inc. will post 5.77 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SN. Piper Sandler reissued an "overweight" rating and issued a $200.00 price objective (up from $181.00) on shares of SharkNinja in a research report on Thursday, August 6th. Canaccord Genuity Group raised their target price on shares of SharkNinja from $185.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $170.00 to $207.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Bank of America boosted their price target on SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Finally, Wall Street Zen raised SharkNinja from a "hold" rating to a "buy" rating in a research note on Saturday. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.82.
Get Our Latest Research Report on SharkNinja
Institutional Investors Weigh In On SharkNinja
Institutional investors have recently added to or reduced their stakes in the company. Utah Retirement Systems increased its stake in shares of SharkNinja by 2.3% in the fourth quarter. Utah Retirement Systems now owns 4,417 shares of the company's stock worth $494,000 after buying an additional 98 shares during the last quarter. World Investment Advisors boosted its stake in SharkNinja by 4.6% during the 1st quarter. World Investment Advisors now owns 2,343 shares of the company's stock valued at $248,000 after acquiring an additional 103 shares during the last quarter. Xponance LLC grew its holdings in SharkNinja by 1.9% during the 4th quarter. Xponance LLC now owns 5,584 shares of the company's stock worth $625,000 after acquiring an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in SharkNinja by 16.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company's stock worth $97,000 after acquiring an additional 123 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of SharkNinja by 64.3% in the 3rd 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 last quarter. 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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