SharkNinja (NYSE:SN) Hits New 52-Week High – Here’s What Happened

SharkNinja, Inc. (NYSE:SNGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $154.04 and last traded at $153.3560, with a volume of 2330804 shares. The stock had previously closed at $151.47.

Wall Street Analysts Forecast Growth

SN has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. National Bank Financial set a $145.00 target price on shares of SharkNinja in a research report on Tuesday, March 17th. Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Check Out Our Latest Stock Report on SharkNinja

SharkNinja Trading Down 0.3%

The company has a market capitalization of $21.36 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 2.03 and a beta of 1.22. The company’s fifty day moving average is $124.04 and its 200-day moving average is $118.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62.

SharkNinja (NYSE:SNGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. SharkNinja’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, analysts anticipate that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

Insider Buying and Selling at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the sale, the chief financial officer owned 1,750 shares of the company’s stock, valued at $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 40.80% of the stock is owned by company insiders.

Institutional Trading of SharkNinja

Hedge funds have recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in SharkNinja by 34.9% in the second quarter. Versant Capital Management Inc now owns 904 shares of the company’s stock worth $138,000 after acquiring an additional 234 shares in the last quarter. Wealth High Governance Capital Ltda grew its stake in shares of SharkNinja by 8.2% during the first quarter. Wealth High Governance Capital Ltda now owns 105,444 shares of the company’s stock worth $11,167,000 after acquiring an additional 8,010 shares during the last quarter. Wealth High Governance Asset Management Ltda. increased its holdings in shares of SharkNinja by 61.6% during the first quarter. Wealth High Governance Asset Management Ltda. now owns 89,112 shares of the company’s stock valued at $9,437,000 after acquiring an additional 33,980 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in shares of SharkNinja during the first quarter valued at about $254,000. Finally, CTC Alternative Strategies Ltd. purchased a new position in shares of SharkNinja in the 1st quarter valued at approximately $339,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

About SharkNinja

(Get Free Report)

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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