SharkNinja (NYSE:SN) Reaches New 1-Year High – Still a Buy?

SharkNinja, Inc. (NYSE:SN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $191.32 and last traded at $190.8640, with a volume of 302347 shares. The stock had previously closed at $188.55.

Wall Street Analysts Forecast Growth

SN has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. UBS Group reiterated a “buy” rating and set a $219.10 target price on shares of SharkNinja in a report on Wednesday, August 12th. Oppenheimer raised their target price on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Bank of America boosted their price target on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.59.

SharkNinja Price Performance

The company has a market cap of $26.98 billion, a PE ratio of 39.09, a PEG ratio of 2.28 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The stock’s 50-day moving average is $163.24 and its 200 day moving average is $132.69.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, equities analysts anticipate that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

Insider Activity at SharkNinja

In other news, insider Neil B. Shah sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the sale, the insider directly owned 497,220 shares of the company’s stock, valued at $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 100,000 shares of company stock worth $18,613,911 in the last three months. Insiders own 40.80% of the company’s stock.

Institutional Trading of SharkNinja

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SN. Clearstead Trust LLC acquired a new position in shares of SharkNinja in the second quarter valued at about $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of SharkNinja during the first quarter worth about $27,000. Timbuktu Capital Management LLC purchased a new stake in SharkNinja in the second quarter valued at approximately $40,000. Transamerica Financial Advisors LLC boosted its position in SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after buying an additional 248 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Company Profile

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.