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

SharkNinja, Inc. (NYSE:SN)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $135.45 and last traded at $135.3910, with a volume of 932889 shares traded. The stock had previously closed at $128.22.

Wall Street Analysts Forecast Growth

SN has been the subject of several recent research reports. Piper Sandler initiated coverage on SharkNinja in a research note on Tuesday. They issued an “overweight” rating and a $150.00 price target for the company. National Bank Financial set a $145.00 price objective on SharkNinja in a research note on Tuesday, March 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. Morgan Stanley set a $128.00 target price on SharkNinja in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. raised their price target on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Trading Up 5.2%

The firm’s 50-day simple moving average is $114.13 and its 200 day simple moving average is $114.31. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. The firm has a market capitalization of $19.09 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.73 and a beta of 1.34.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company posted $0.87 EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities analysts expect that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

Insider Transactions at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction dated 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 owned 1,750 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 40.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SharkNinja

Several hedge funds and other institutional investors have recently made changes to their positions in SN. Glenmede Trust Co. NA bought a new position in SharkNinja in the 1st quarter valued at approximately $254,000. CTC Alternative Strategies Ltd. acquired a new stake in SharkNinja in the first quarter valued at approximately $339,000. Boothe Investment Group Inc. grew its stake in shares of SharkNinja by 0.3% during the first 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 last quarter. Bank of America Corp DE increased its holdings in shares of SharkNinja by 17.9% during the first quarter. Bank of America Corp DE now owns 559,813 shares of the company’s stock worth $59,284,000 after buying an additional 84,796 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of SharkNinja during the first quarter worth $3,458,000. 34.77% of the stock is owned by 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.