SharkNinja (NYSE:SN) Price Target Raised to $170.00

SharkNinja (NYSE:SN) had its price objective raised by JPMorgan Chase & Co. from $146.00 to $170.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms also recently issued reports on SN. Piper Sandler initiated coverage on shares of SharkNinja in a report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price objective for the company. Guggenheim lifted their target price on shares of SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Oppenheimer boosted their target price on shares of SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Canaccord Genuity Group upped their price target on shares of SharkNinja from $161.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.30.

SharkNinja Stock Up 0.2%

SN opened at $154.54 on Thursday. The business has a 50 day moving average price of $131.20 and a 200 day moving average price of $121.43. SharkNinja has a twelve month low of $83.12 and a twelve month high of $156.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The firm has a market cap of $21.87 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 2.07 and a beta of 1.22.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Research analysts forecast that SharkNinja will post 5.76 EPS for the current year.

Insider Buying and Selling at SharkNinja

In other news, 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 completion of the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 40.80% of the company’s stock.

Hedge Funds Weigh In On SharkNinja

Several large investors have recently bought and sold shares of the stock. Allworth Financial LP increased its stake in SharkNinja by 5.2% during the third quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock valued at $200,000 after acquiring an additional 96 shares during the period. Utah Retirement Systems lifted its position in shares of SharkNinja by 2.3% in the 4th quarter. Utah Retirement Systems now owns 4,417 shares of the company’s stock worth $494,000 after acquiring an additional 98 shares during the period. World Investment Advisors lifted its position in shares of SharkNinja by 4.6% in the 1st quarter. World Investment Advisors now owns 2,343 shares of the company’s stock worth $248,000 after acquiring an additional 103 shares during the period. Xponance LLC grew its holdings in shares of SharkNinja by 1.9% during the 4th quarter. Xponance LLC now owns 5,584 shares of the company’s stock worth $625,000 after purchasing an additional 106 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of SharkNinja by 24.3% during the fourth quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after purchasing an additional 110 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.