SharkNinja (NYSE:SN) Sets New 52-Week High – Should You Buy?

SharkNinja, Inc. (NYSE:SN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $158.44 and last traded at $157.2650, with a volume of 61198 shares. The stock had previously closed at $153.19.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SN. Bank of America raised their target price on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Guggenheim boosted their target price on shares of SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Oppenheimer increased their price objective on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a report on Wednesday, July 8th. Finally, Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $167.90.

SharkNinja Price Performance

The firm has a market cap of $22.52 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.09 and a beta of 1.22. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $138.56 and its 200-day moving average price is $123.56.

SharkNinja (NYSE:SN) last issued its quarterly 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 company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, equities research analysts forecast that SharkNinja, Inc. will post 5.77 EPS for the current year.

Insider Transactions at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 40.80% of the stock is owned by corporate insiders.

Institutional Trading of SharkNinja

A number of large investors have recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in SharkNinja in the first quarter valued at approximately $27,000. Larson Financial Group LLC increased its position in shares of SharkNinja by 64.3% in the 3rd 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. Transamerica Financial Advisors LLC increased its position in shares of SharkNinja by 459.3% in 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 during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of SharkNinja in the 4th quarter valued at $38,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of SharkNinja in the 3rd quarter valued at $46,000. 34.77% of the stock is currently owned by hedge funds and other 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.