SharkNinja (NYSE:SN) Sets New 12-Month High on Analyst Upgrade

SharkNinja, Inc. (NYSE:SN)’s stock price reached a new 52-week high during mid-day trading on Thursday after Morgan Stanley raised their price target on the stock from $93.00 to $108.00. Morgan Stanley currently has an equal weight rating on the stock. SharkNinja traded as high as $116.00 and last traded at $117.33, with a volume of 107567 shares traded. The stock had previously closed at $110.65.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. raised their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group increased their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.50.

Institutional Trading of SharkNinja

Several institutional investors and hedge funds have recently made changes to their positions in SN. Signaturefd LLC lifted its position in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after buying an additional 182 shares during the last quarter. Quarry LP purchased a new position in shares of SharkNinja during the fourth quarter worth approximately $47,000. Hollencrest Capital Management bought a new stake in shares of SharkNinja in the 3rd quarter worth approximately $54,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of SharkNinja in the 3rd quarter valued at $54,000. Finally, R Squared Ltd bought a new position in shares of SharkNinja during the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company has a market cap of $15.44 billion, a PE ratio of 43.26, a PEG ratio of 1.74 and a beta of 1.13. The business’s 50-day moving average is $104.88 and its 200 day moving average is $100.68.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. On average, equities research analysts predict that SharkNinja, Inc. will post 3.91 EPS for the current fiscal year.

SharkNinja Company Profile

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.