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

Shares of SharkNinja, Inc. (NYSE:SN) hit a new 52-week high on Monday . The stock traded as high as $154.15 and last traded at $153.7720, with a volume of 185208 shares traded. The stock had previously closed at $152.65.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SN. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Oppenheimer upped their price objective on shares of SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America increased their price objective on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Piper Sandler assumed coverage on shares of SharkNinja in a research report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Canaccord Genuity Group set a $185.00 target price on shares of SharkNinja in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $159.90.

SharkNinja Stock Performance

The company has a market cap of $21.29 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.05 and a beta of 1.22. The firm’s 50 day simple moving average is $127.50 and its 200-day simple moving average is $120.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The company’s quarterly revenue 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. On average, sell-side analysts predict that SharkNinja, Inc. will post 5.74 EPS for the current year.

Insider Transactions at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the completion of the sale, the chief financial officer owned 1,750 shares in the company, valued at approximately $197,697.50. This represents a 79.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 40.80% of the company’s stock.

Institutional Investors Weigh In On SharkNinja

A number of large investors have recently made changes to their positions in the stock. FIL Ltd increased its holdings in shares of SharkNinja by 2.2% in the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after purchasing an additional 48,163 shares during the last quarter. Alliancebernstein L.P. boosted its stake in SharkNinja by 13.2% during the third quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock worth $156,152,000 after buying an additional 176,104 shares during the last quarter. Palestra Capital Management LLC grew its holdings in SharkNinja by 10.3% in the 3rd quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock valued at $143,177,000 after buying an additional 130,121 shares in the last quarter. Parsifal Capital Management LP purchased a new stake in SharkNinja in the 3rd quarter valued at $111,773,000. Finally, Morgan Stanley increased its stake in shares of SharkNinja by 191.3% in the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after acquiring an additional 709,494 shares during the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

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.