Wall Street Zen downgraded shares of SharkNinja (NYSE:SN – Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday.
Several other research analysts also recently commented on SN. Oppenheimer lifted their target price on SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. JPMorgan Chase & Co. lifted their target price on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. National Bank Financial set a $145.00 target price on SharkNinja in a report on Tuesday, March 17th. Finally, Canaccord Genuity Group lifted their target price on SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.
Read Our Latest Research Report on SharkNinja
SharkNinja Stock Down 3.7%
SharkNinja (NYSE:SN – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm 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 period in the previous year, the business earned $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, research analysts anticipate that SharkNinja will post 5.77 earnings per share for the current year.
Insider Transactions at SharkNinja
In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the transaction, the chief financial officer owned 8,673 shares in the company, valued at approximately $991,844.28. The trade was a 23.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Hedge Funds Weigh In On SharkNinja
Hedge funds have recently added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in SharkNinja during the 1st quarter valued at about $27,000. Geneos Wealth Management Inc. bought a new position in shares of SharkNinja in the third quarter valued at approximately $29,000. Larson Financial Group LLC grew its holdings in shares of SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in SharkNinja in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 34.77% of the company’s stock.
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.
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