SharkNinja (NYSE:SN) Hits New 1-Year High at $104.50

SharkNinja, Inc. (NYSE:SN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $104.50 and last traded at $103.47, with a volume of 1055789 shares traded. The stock had previously closed at $103.56.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a report on Friday, August 9th. China Renaissance began coverage on shares of SharkNinja in a research note on Wednesday, May 29th. They set a “buy” rating on the stock. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Bank of America raised their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average price target of $83.81.

SharkNinja Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The company has a market cap of $14.48 billion, a PE ratio of 76.47, a P/E/G ratio of 1.49 and a beta of 0.76. The business’s 50 day moving average is $84.55 and its 200-day moving average is $73.94.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s revenue was up 31.4% compared to the same quarter last year. As a group, analysts predict that SharkNinja, Inc. will post 3.89 EPS for the current year.

Hedge Funds Weigh In On SharkNinja

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC purchased a new position in shares of SharkNinja during the fourth quarter worth about $37,000. Headlands Technologies LLC purchased a new position in SharkNinja during the 1st quarter worth approximately $66,000. Picton Mahoney Asset Management acquired a new position in SharkNinja during the second quarter worth approximately $70,000. Kessler Investment Group LLC purchased a new stake in SharkNinja in the second quarter valued at approximately $125,000. Finally, Essex LLC purchased a new stake in SharkNinja in the first quarter valued at approximately $204,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.