SharkNinja (NYSE:SN) Reaches New 12-Month High – Should You Buy?

SharkNinja, Inc. (NYSE:SN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $139.58 and last traded at $138.7150, with a volume of 504838 shares trading hands. The stock had previously closed at $136.28.

Analysts Set New Price Targets

A number of brokerages recently commented on SN. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Piper Sandler initiated coverage on SharkNinja in a research note on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, National Bank Financial set a $145.00 target price on SharkNinja in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Price Performance

The stock’s 50 day simple moving average is $116.48 and its 200-day simple moving average is $115.53. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.79 and a beta of 1.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities research analysts anticipate that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the firm’s 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 completion of the transaction, the chief financial officer directly owned 1,750 shares in the company, valued at $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 40.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On SharkNinja

Institutional investors have recently bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of SharkNinja during the first quarter worth $27,000. Larson Financial Group LLC lifted its holdings 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 buying an additional 126 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after buying an additional 248 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of SharkNinja in the fourth quarter worth about $38,000. Finally, Sunbelt Securities Inc. acquired a new stake in SharkNinja during the third quarter worth about $46,000. 34.77% of the stock is 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.