SharkNinja (NYSE:SN) Sets New 52-Week High – Time to Buy?

SharkNinja, Inc. (NYSE:SNGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $158.44 and last traded at $157.2650, with a volume of 61198 shares traded. The stock had previously closed at $153.19.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SN. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. raised their price objective on shares of SharkNinja from $146.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Guggenheim lifted their price objective on shares of SharkNinja from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 6th. TD Cowen boosted their target price on shares of SharkNinja from $145.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Canaccord Genuity Group increased their target price on SharkNinja from $161.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.80.

Get Our Latest Stock Analysis on SharkNinja

SharkNinja Stock Up 3.3%

The stock has a fifty day simple moving average of $136.37 and a two-hundred day simple moving average of $123.01. The firm has a market cap of $22.39 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.95 and a beta of 1.22. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25.

SharkNinja (NYSE:SNGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. 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 prior year, the firm posted $0.87 earnings per share. The company’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, sell-side analysts expect that SharkNinja, Inc. will post 5.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the sale, the chief financial officer directly owned 1,750 shares in the company, valued at $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 40.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SharkNinja

Hedge funds have recently added to or reduced their stakes in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in SharkNinja in the 1st quarter worth approximately $27,000. Transamerica Financial Advisors LLC increased its stake in SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after purchasing an additional 248 shares during the period. Larson Financial Group LLC lifted its position in 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 purchasing an additional 126 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in SharkNinja in the fourth quarter valued at approximately $38,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of SharkNinja in the third quarter valued at about $46,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

(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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