SharkNinja (NYSE:SN) Reaches New 52-Week High – Here’s Why

Shares of SharkNinja, Inc. (NYSE:SN) hit a new 52-week high during trading on Monday . The company traded as high as $156.87 and last traded at $156.2090, with a volume of 694 shares trading hands. The stock had previously closed at $154.53.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SN. JPMorgan Chase & Co. increased their price target on SharkNinja from $146.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday. Canaccord Genuity Group boosted their price objective on SharkNinja from $161.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research note on Wednesday, July 8th. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. 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 investment 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 stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.30.

SharkNinja Stock Performance

The firm has a market capitalization of $21.89 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 2.07 and a beta of 1.22. The company has a 50-day moving average price of $131.20 and a 200-day moving average price of $121.49. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25.

SharkNinja (NYSE:SN) last posted its earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities research analysts forecast that SharkNinja, Inc. will post 5.76 earnings per share for the current year.

Insider Activity at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 40.80% of the company’s stock.

Institutional Trading of SharkNinja

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of SharkNinja in the first quarter valued at approximately $27,000. 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 worth $33,000 after purchasing an additional 126 shares during the period. Transamerica Financial Advisors LLC boosted its stake in SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of SharkNinja during the 4th quarter valued at $38,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of SharkNinja during the 3rd quarter valued at $46,000. 34.77% of the stock is currently owned by institutional investors.

About SharkNinja

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.