SharkNinja (NYSE:SN) Sets New 12-Month High at $93.65

SharkNinja, Inc. (NYSE:SN)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $93.65 and last traded at $92.91, with a volume of 444899 shares changing hands. The stock had previously closed at $89.72.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Bank of America increased their price target on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. UBS Group upped their price objective on shares of SharkNinja from $76.00 to $83.50 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, China Renaissance initiated coverage on SharkNinja in a report on Wednesday, May 29th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and an average price target of $83.81.

SharkNinja Stock Performance

The stock has a market cap of $13.40 billion and a price-to-earnings ratio of 70.93. The stock’s 50-day simple moving average is $79.63 and its two-hundred day simple moving average is $70.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.14. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Analysts forecast that SharkNinja, Inc. will post 4.23 earnings per share for the current year.

Institutional Investors Weigh In On SharkNinja

Several hedge funds and other institutional investors have recently modified their holdings of SN. Parallel Advisors LLC acquired a new stake in SharkNinja during the fourth quarter worth about $37,000. Headlands Technologies LLC acquired a new stake in shares of SharkNinja during the 1st quarter worth approximately $66,000. Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja during the 2nd quarter worth approximately $70,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of SharkNinja during the first quarter valued at approximately $77,000. Finally, Kessler Investment Group LLC acquired a new position in shares of SharkNinja in the second quarter valued at $125,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.