SharkNinja (NYSE:SN) Reaches New 12-Month High at $96.89

SharkNinja, Inc. (NYSE:SN) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $96.89 and last traded at $96.74, with a volume of 98456 shares. The stock had previously closed at $95.17.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SN shares. Bank of America raised their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Morgan Stanley upped their target price on SharkNinja from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Canaccord Genuity Group lifted their price target on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, China Renaissance began coverage on SharkNinja in a research note on Wednesday, May 29th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.81.

SharkNinja Trading Down 0.8 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The firm has a fifty day simple moving average of $81.18 and a two-hundred day simple moving average of $71.44. The firm has a market capitalization of $13.62 billion, a P/E ratio of 72.12, a price-to-earnings-growth ratio of 1.40 and a beta of 0.75.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, equities research analysts anticipate that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently bought and sold shares of SN. Charles Schwab Investment Management Inc. increased its position in shares of SharkNinja by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 261,181 shares of the company’s stock valued at $13,365,000 after buying an additional 7,710 shares during the period. Mawer Investment Management Ltd. increased its holdings in SharkNinja by 291.9% during the 4th quarter. Mawer Investment Management Ltd. now owns 94,006 shares of the company’s stock worth $4,810,000 after acquiring an additional 70,019 shares during the period. Jump Financial LLC purchased a new stake in SharkNinja in the 4th quarter worth approximately $2,433,000. Seven Grand Managers LLC bought a new position in SharkNinja in the 4th quarter valued at $1,724,000. Finally, Boston Partners purchased a new position in shares of SharkNinja during the 4th quarter valued at $6,530,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

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.