SharkNinja (NYSE:SN) Hits New 12-Month High at $67.27

Shares of SharkNinja, Inc. (NYSE:SN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as 67.27 and last traded at 66.93, with a volume of 1016400 shares. The stock had previously closed at 65.98.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SN shares. JPMorgan Chase & Co. assumed coverage on shares of SharkNinja in a report on Thursday, April 4th. They set an “overweight” rating and a $70.00 price objective for the company. Guggenheim started coverage on SharkNinja in a research note on Monday, February 5th. They issued a “buy” rating and a $60.00 price objective on the stock. Morgan Stanley assumed coverage on SharkNinja in a report on Tuesday, January 30th. They set an “equal weight” rating and a $54.00 price objective on the stock. UBS Group began coverage on SharkNinja in a research report on Monday, April 15th. They set a “buy” rating and a $76.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective on SharkNinja from $59.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of 67.14.

SharkNinja Stock Performance

The business has a 50-day moving average of 60.67 and a two-hundred day moving average of 52.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.69.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, February 15th. The company reported 0.94 earnings per share for the quarter, beating analysts’ consensus estimates of 0.86 by 0.08. The business had revenue of 1.38 billion for the quarter, compared to analysts’ expectations of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. On average, equities analysts anticipate that SharkNinja, Inc. will post 3.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in SharkNinja during the 3rd quarter valued at approximately $185,000. Bank of New York Mellon Corp purchased a new position in SharkNinja in the 3rd quarter worth $414,000. Allspring Global Investments Holdings LLC acquired a new stake in SharkNinja during the 3rd quarter worth about $1,929,000. Orion Portfolio Solutions LLC purchased a new stake in SharkNinja during the 3rd quarter valued at about $272,000. Finally, Victory Capital Management Inc. acquired a new position in shares of SharkNinja in the third quarter valued at about $402,000. 34.77% of the stock is owned by institutional investors and hedge funds.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.