SharkNinja (NYSE:SN) Hits New 52-Week High – Time to Buy?

SharkNinja, Inc. (NYSE:SN)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $142.00 and last traded at $141.0590, with a volume of 434827 shares. The stock had previously closed at $134.90.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Piper Sandler began coverage on shares of SharkNinja in a report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 target price on the stock. Canaccord Genuity Group raised their target price on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, National Bank Financial set a $145.00 target price on SharkNinja in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Stock Up 3.2%

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 business’s 50 day moving average is $119.16 and its 200-day moving average is $116.83. The firm has a market capitalization of $19.70 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 1.86 and a beta of 1.34.

SharkNinja (NYSE:SN) last posted its quarterly earnings data 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 company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.SharkNinja’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities analysts anticipate that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction on Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the sale, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 40.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SharkNinja

A number of hedge funds have recently made changes to their positions in SN. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of SharkNinja during the 1st quarter valued at about $27,000. Larson Financial Group LLC raised its position in SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 126 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in SharkNinja by 459.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after purchasing an additional 248 shares during the period. Los Angeles Capital Management LLC acquired a new stake in SharkNinja during the fourth quarter valued at approximately $38,000. Finally, Sunbelt Securities Inc. acquired a new stake in SharkNinja during the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.