SharkNinja (NYSE:SN) Sets New 12-Month High – Here’s Why

SharkNinja, Inc. (NYSE:SN) reached a new 52-week high during trading on Thursday . The company traded as high as $116.00 and last traded at $117.33, with a volume of 107567 shares changing hands. The stock had previously closed at $110.65.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SN. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group raised their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lifted their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average price target of $117.28.

SharkNinja Trading Down 2.6 %

The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $104.44 and a 200-day simple moving average of $100.35. The company has a market capitalization of $15.08 billion, a PE ratio of 42.67, a PEG ratio of 1.74 and a beta of 1.13.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. Analysts predict that SharkNinja, Inc. will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company’s stock valued at $1,603,311,000 after buying an additional 6,160,226 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock valued at $699,021,000 after purchasing an additional 2,155,136 shares during the period. William Blair Investment Management LLC grew its holdings in shares of SharkNinja by 26.4% in the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock valued at $275,270,000 after purchasing an additional 590,632 shares in the last quarter. Baillie Gifford & Co. increased its stake in SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock worth $236,603,000 after buying an additional 604,559 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of SharkNinja by 24.3% in the fourth quarter. Federated Hermes Inc. now owns 1,138,014 shares of the company’s stock worth $110,783,000 after acquiring an additional 222,377 shares in the last quarter. 34.77% of the stock is currently 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.