SharkNinja (NYSE:SN) Hits New 1-Year High at $104.50

Shares of SharkNinja, Inc. (NYSE:SN) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $104.50 and last traded at $103.47, with a volume of 1055789 shares. The stock had previously closed at $103.56.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SN shares. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. China Renaissance assumed coverage on shares of SharkNinja in a research report on Wednesday, May 29th. They issued a “buy” rating for the company. The Goldman Sachs Group raised their price target on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a report on Monday, August 12th. Canaccord Genuity Group raised their price target on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Bank of America raised their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and a consensus target price of $83.81.

SharkNinja Stock Performance

The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 79.13, a PEG ratio of 1.52 and a beta of 0.76. The stock’s fifty day moving average is $86.54 and its 200-day moving average is $74.72. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. On average, analysts forecast that SharkNinja, Inc. will post 3.89 EPS for the current year.

Institutional Trading of SharkNinja

Several hedge funds have recently modified their holdings of SN. Parallel Advisors LLC purchased a new position in SharkNinja during the 4th quarter worth $37,000. Headlands Technologies LLC purchased a new position in shares of SharkNinja in the 1st quarter worth about $66,000. Picton Mahoney Asset Management purchased a new position in shares of SharkNinja in the 2nd quarter worth about $70,000. Kessler Investment Group LLC purchased a new position in shares of SharkNinja in the 2nd quarter worth about $125,000. Finally, Essex LLC purchased a new position in shares of SharkNinja in the 1st quarter worth about $204,000. Institutional investors own 34.77% of the company’s stock.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.