SharkNinja, Inc. (NYSE:SN – Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $154.15 and last traded at $153.7720, with a volume of 185208 shares changing hands. The stock had previously closed at $152.65.
Analysts Set New Price Targets
Several research firms have recently weighed in on SN. National Bank Financial set a $145.00 price target on shares of SharkNinja in a research note on Tuesday, March 17th. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective 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. Piper Sandler assumed coverage on shares of SharkNinja in a research report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Bank of America upped their price target on shares of SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $159.90.
View Our Latest Stock Report on SharkNinja
SharkNinja Trading Up 0.1%
SharkNinja (NYSE:SN – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $0.87 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, research analysts anticipate that SharkNinja, Inc. will post 5.74 earnings per share for the current fiscal year.
Insider Activity
In related news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. This trade represents a 79.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 40.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in SharkNinja by 21.8% during the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after acquiring an additional 12,851 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in SharkNinja during the 1st quarter worth about $369,000. Goldman Sachs Group Inc. grew its stake in shares of SharkNinja by 169.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after purchasing an additional 317,730 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of SharkNinja by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after purchasing an additional 3,632 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of SharkNinja in the 1st quarter valued at $656,000. 34.77% of the stock is owned by institutional investors and hedge funds.
SharkNinja Company Profile
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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