SharkNinja (NYSE:SN) Sets New 1-Year High – What’s Next?

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

Wall Street Analyst Weigh In

SN has been the subject of several research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Piper Sandler started 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. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. upped their target price on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Stock Up 3.2%

The firm’s 50-day moving average price is $119.16 and its 200 day moving average price is $116.83. The firm has a market cap of $19.70 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 1.86 and a beta of 1.34. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25.

SharkNinja (NYSE:SN) last issued 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. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm posted $0.87 EPS. SharkNinja’s quarterly revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, research analysts expect that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the transaction, the chief financial officer directly owned 1,750 shares in the company, valued at approximately $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 40.80% of the company’s stock.

Institutional Trading of SharkNinja

Several hedge funds have recently added to or reduced their stakes in SN. Allworth Financial LP increased its stake in SharkNinja by 5.2% during the 3rd quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock valued at $200,000 after buying an additional 96 shares during the period. Utah Retirement Systems boosted its holdings in shares of SharkNinja by 2.3% in the fourth quarter. Utah Retirement Systems now owns 4,417 shares of the company’s stock valued at $494,000 after acquiring an additional 98 shares in the last quarter. World Investment Advisors increased its stake in shares of SharkNinja by 4.6% during the first quarter. World Investment Advisors now owns 2,343 shares of the company’s stock valued at $248,000 after acquiring an additional 103 shares during the period. Xponance LLC raised its holdings in SharkNinja by 1.9% during the fourth quarter. Xponance LLC now owns 5,584 shares of the company’s stock worth $625,000 after purchasing an additional 106 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in SharkNinja by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock worth $63,000 after purchasing an additional 110 shares during the period. Institutional investors 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.