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

Shares of SharkNinja, Inc. (NYSE:SN) reached a new 52-week high during trading on Tuesday. The company traded as high as $195.10 and last traded at $192.1150, with a volume of 459 shares trading hands. The stock had previously closed at $189.98.

Analyst Ratings Changes

SN has been the topic of several recent analyst reports. Bank of America lifted their price target on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Oppenheimer increased their target price on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, UBS Group reissued a “buy” rating and issued a $219.10 price objective on shares of SharkNinja in a research note on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $188.59.

SharkNinja Stock Up 0.5%

The company has a market cap of $26.89 billion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth ratio of 2.19 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. The stock’s fifty day moving average is $178.96 and its two-hundred day moving average is $145.67.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 27.79% and a net margin of 10.06%. The company’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Sell-side analysts predict that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

Insider Transactions at SharkNinja

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

Hedge Funds Weigh In On SharkNinja

Hedge funds and other institutional investors have recently modified their holdings of the company. World Investment Advisors boosted its holdings in SharkNinja by 4.6% in 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 in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of SharkNinja by 17.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,013 shares of the company’s stock valued at $107,000 after purchasing an additional 149 shares during the period. Toth Financial Advisory Corp grew its stake in SharkNinja by 1.9% in the third quarter. Toth Financial Advisory Corp now owns 8,471 shares of the company’s stock worth $1,526,000 after purchasing an additional 161 shares during the period. Boothe Investment Group Inc. grew its position in shares of SharkNinja by 0.3% in the 1st quarter. Boothe Investment Group Inc. now owns 69,166 shares of the company’s stock worth $7,325,000 after buying an additional 173 shares during the period. Finally, Clearstead Trust LLC bought a new position in shares of SharkNinja in the 2nd quarter worth about $30,000. 34.77% of the stock is owned by institutional investors.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops consumer appliances and household products under the Shark and Ninja brands. Its portfolio includes vacuum cleaners, cordless and robot cleaning systems, steam mops, air purifiers, and other home-care products, as well as blenders, food processors, air fryers, coffee makers, cookware, and other kitchen appliances.

The company also offers products in categories such as beauty and personal care, including hair-styling tools.