SharkNinja (NYSE:SN) Reaches New 52-Week High – What’s Next?

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

Analyst Ratings Changes

Several equities research analysts have issued reports on SN shares. 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. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler reiterated an “overweight” rating and set a $200.00 target price (up from $181.00) on shares of SharkNinja in a research report on Thursday, August 6th. TD Cowen upped their target price on shares of SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Oppenheimer upped their target price on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Twelve equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $188.59.

SharkNinja Price Performance

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 firm has a market cap of $26.18 billion, a P/E ratio of 36.17, a P/E/G ratio of 2.23 and a beta of 1.27. The company has a 50-day moving average of $179.43 and a 200 day moving average of $146.81.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating 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 business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. SharkNinja’s quarterly revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Activity

In other SharkNinja news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the transaction, the insider directly owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. This trade represents a 9.14% 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 this link. Insiders sold 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.

Institutional Investors Weigh In On SharkNinja

Several large investors have recently made changes to their positions in SN. Wedmont Private Capital grew its position in SharkNinja by 26.9% during the 3rd quarter. Wedmont Private Capital now owns 6,461 shares of the company’s stock worth $1,194,000 after acquiring an additional 1,371 shares during the last quarter. GAMMA Investing LLC increased its holdings in SharkNinja by 64.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,078 shares of the company’s stock valued at $374,000 after purchasing an additional 817 shares in the last quarter. CoreCap Advisors LLC raised its position in SharkNinja by 33,183.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,997 shares of the company’s stock valued at $360,000 after purchasing an additional 1,991 shares during the last quarter. Zevenbergen Capital Investments LLC raised its position in SharkNinja by 4.0% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 145,282 shares of the company’s stock valued at $26,168,000 after purchasing an additional 5,557 shares during the last quarter. Finally, Toth Financial Advisory Corp raised its position in SharkNinja by 1.9% in the 3rd quarter. Toth Financial Advisory Corp now owns 8,471 shares of the company’s stock valued at $1,526,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

SharkNinja Company Profile

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.