SharkNinja (NYSE:SN) Sets New 1-Year High – Time to Buy?

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on SN shares. Guggenheim boosted their target price on SharkNinja from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Piper Sandler assumed coverage on SharkNinja in a report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price objective on the stock. Canaccord Genuity Group increased their target price on SharkNinja from $161.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $146.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.30.

SharkNinja Trading Down 3.4%

The stock has a market cap of $20.90 billion, a PE ratio of 29.78, a PEG ratio of 2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The stock has a fifty day moving average price of $132.90 and a 200 day moving average price of $122.02.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share 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 the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The company’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 company posted $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities analysts expect that SharkNinja, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction on Friday, May 8th. The shares were 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 approximately $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 40.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On SharkNinja

Large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in SharkNinja by 21.8% in the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock worth $5,995,000 after purchasing an additional 12,851 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of SharkNinja during the first quarter valued at approximately $369,000. Goldman Sachs Group Inc. boosted its position in shares of SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after buying an additional 317,730 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of SharkNinja by 7.7% during the first 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 buying an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of SharkNinja during the first quarter valued at approximately $656,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.