SharkNinja (NYSE:SN) Reaches New 52-Week High – Still a Buy?

Shares of SharkNinja, Inc. (NYSE:SN) reached 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 traded. The stock had previously closed at $188.55.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Canaccord Genuity Group upped their price target on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. TD Cowen boosted their price objective on shares of SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a report on Friday, August 7th. Bank of America increased their target price on shares of SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Oppenheimer lifted their price target 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, JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $188.59.

SharkNinja Price Performance

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 firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.17 and a beta of 1.21. The stock has a 50 day moving average price of $161.18 and a two-hundred day moving average price of $131.73.

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

Insider Activity

In other news, insider Neil B. Shah sold 20,333 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $184.69, for a total transaction of $3,755,301.77. Following the sale, the insider owned 40,766 shares of the company’s stock, valued at approximately $7,529,072.54. This represents a 33.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 40.80% of the company’s stock.

Institutional Investors Weigh In On SharkNinja

Several large investors have recently added to or reduced their stakes in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in SharkNinja in the 1st quarter valued at approximately $27,000. Clearstead Trust LLC acquired a new position in shares of SharkNinja in the second quarter worth $30,000. Larson Financial Group LLC increased its position in shares of SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after acquiring an additional 126 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of SharkNinja by 459.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after acquiring an additional 248 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of SharkNinja in the fourth quarter valued at $38,000. 34.77% of the stock is 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.