SharkNinja (NYSE:SN) Reaches New 12-Month High – Still a Buy?

Shares of SharkNinja, Inc. (NYSE:SN) reached a new 52-week high on Thursday . The company traded as high as $135.45 and last traded at $135.3910, with a volume of 932889 shares trading hands. The stock had previously closed at $128.22.

Wall Street Analyst Weigh In

SN has been the subject of several analyst reports. Guggenheim raised their target price on shares of SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Morgan Stanley set a $128.00 price target on shares of SharkNinja in a research note on Thursday, February 12th. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Piper Sandler began coverage on shares of SharkNinja in a report on Tuesday. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Trading Up 5.2%

The business has a 50 day moving average of $114.13 and a two-hundred day moving average of $114.31. The firm has a market cap of $19.09 billion, a P/E ratio of 27.14, a PEG ratio of 1.73 and a beta of 1.34. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm 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 revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Analysts predict that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Adam Quigley sold 6,923 shares of the company’s 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 40.80% of the company’s stock.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors have recently made changes to their positions in the company. Waratah Capital Advisors Ltd. grew its holdings in SharkNinja by 84.1% in the 3rd quarter. Waratah Capital Advisors Ltd. now owns 306,133 shares of the company’s stock valued at $31,578,000 after buying an additional 139,858 shares in the last quarter. Wealth High Governance Capital Ltda bought a new stake in shares of SharkNinja in the fourth quarter valued at about $17,072,000. Dorsal Capital Management LP grew its stake in shares of SharkNinja by 14.7% in the third quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock valued at $100,571,000 after acquiring an additional 125,000 shares in the last quarter. Magnetar Financial LLC bought a new position in SharkNinja during the third quarter worth about $2,859,000. Finally, Envestnet Asset Management Inc. raised its stake in SharkNinja by 76.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 29,729 shares of the company’s stock worth $3,067,000 after purchasing an additional 12,922 shares in the last quarter. Institutional investors 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.