Key Points
- Insider Neil Shah sold 40,000 SharkNinja shares for about $8.94 million at an average price of $223.45, reducing his stake by 8.04%. He retained 457,220 shares after the transaction.
- SharkNinja beat quarterly expectations, reporting EPS of $2.34 versus $1.90 expected and revenue of $1.98 billion versus $1.87 billion expected; revenue grew 21.2% year over year.
- Analyst sentiment remains broadly positive: the consensus rating is “Buy,” with an average price target of $211.39, though one firm downgraded the shares to “Hold.”
SharkNinja, Inc. (NYSE:SN - Get Free Report) insider Neil Shah sold 40,000 shares of the firm's stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $223.45, for a total value of $8,938,000.00. Following the transaction, the insider owned 457,220 shares of the company's stock, valued at $102,165,809. This trade represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
SharkNinja Stock Performance
NYSE SN opened at $229.69 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.04 and a quick ratio of 1.45. The company has a market cap of $32.36 billion, a P/E ratio of 38.54, a P/E/G ratio of 2.59 and a beta of 1.21. The stock has a 50-day moving average of $186.80 and a two-hundred day moving average of $145.55. SharkNinja, Inc. has a 1-year low of $83.21 and a 1-year high of $232.76.
SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.44. The business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. SharkNinja had a net margin of 11.64% and a return on equity of 28.84%. The business's quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share. As a group, analysts anticipate that SharkNinja, Inc. will post 5.93 EPS for the current year.
Analyst Ratings Changes
Several brokerages recently weighed in on SN. TD Cowen upped their target price on shares of SharkNinja from $205.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday, October 27th. Jefferies Financial Group restated a "buy" rating and issued a $300.00 price target on shares of SharkNinja in a research note on Wednesday, November 4th. Wall Street Zen downgraded shares of SharkNinja from a "buy" rating to a "hold" rating in a research note on Saturday. UBS Group reaffirmed a "buy" rating and set a $219.10 price objective on shares of SharkNinja in a research report on Wednesday, August 12th. Finally, BTIG Research increased their price objective on SharkNinja from $245.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday. Fourteen investment analysts have rated the stock with a Buy rating. According to MarketBeat, SharkNinja has a consensus rating of "Buy" and an average target price of $211.39.
Get Our Latest Stock Report on SharkNinja
Institutional Trading of SharkNinja
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clearstead Trust LLC purchased a new stake in shares of SharkNinja during the 2nd quarter worth approximately $30,000. IFP Advisors Inc lifted its holdings in shares of SharkNinja by 108.2% in the 3rd quarter. IFP Advisors Inc now owns 177 shares of the company's stock valued at $32,000 after purchasing an additional 92 shares during the last quarter. Richardson Financial Services Inc. boosted its position in shares of SharkNinja by 36.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 199 shares of the company's stock valued at $36,000 after purchasing an additional 53 shares during the period. Latitude Advisors LLC purchased a new stake in SharkNinja in the third quarter valued at approximately $37,000. Finally, Timbuktu Capital Management LLC purchased a new stake in SharkNinja in the second quarter valued at approximately $40,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.
SharkNinja Company Profile
(
Get Free Report)
SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels.
The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.
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