SharkNinja Target of Unusually High Options Trading (NYSE:SN)

SharkNinja, Inc. (NYSE:SN) saw unusually large options trading activity on Monday. Investors acquired 37,860 put options on the stock. This is an increase of approximately 2,570% compared to the average daily volume of 1,418 put options.

Institutional Trading of SharkNinja

A number of institutional investors have recently bought and sold shares of SN. Commonwealth Equity Services LLC acquired a new stake in SharkNinja during the first quarter worth approximately $981,000. GSA Capital Partners LLP acquired a new stake in SharkNinja during the 1st quarter worth $1,076,000. Essex LLC purchased a new stake in SharkNinja in the first quarter valued at $204,000. Mawer Investment Management Ltd. boosted its stake in SharkNinja by 123.1% in the first quarter. Mawer Investment Management Ltd. now owns 209,682 shares of the company’s stock valued at $13,061,000 after acquiring an additional 115,676 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of SharkNinja during the first quarter worth about $3,896,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Canaccord Genuity Group boosted their target price on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Jefferies Financial Group upped their price target on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their price objective on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Bank of America raised their target price on SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average price target of $110.85.

SharkNinja Stock Up 3.0 %

Shares of NYSE:SN opened at $94.00 on Wednesday. SharkNinja has a fifty-two week low of $41.12 and a fifty-two week high of $112.93. The firm’s 50 day moving average price is $103.52 and its 200 day moving average price is $85.56. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company’s revenue was up 33.3% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. As a group, equities research analysts predict that SharkNinja will post 3.95 earnings per share for the current fiscal year.

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.