SharkNinja (NYSE:SN) Hits New 1-Year High at $67.27

SharkNinja, Inc. (NYSE:SN) shares reached a new 52-week high during trading on Wednesday . The company traded as high as 67.27 and last traded at 66.93, with a volume of 1016400 shares. The stock had previously closed at 65.98.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SN shares. Guggenheim assumed coverage on SharkNinja in a research report on Monday, February 5th. They issued a “buy” rating and a $60.00 price target for the company. UBS Group began coverage on shares of SharkNinja in a report on Monday, April 15th. They set a “buy” rating and a $76.00 target price for the company. JPMorgan Chase & Co. started coverage on shares of SharkNinja in a research report on Thursday, April 4th. They set an “overweight” rating and a $70.00 target price for the company. The Goldman Sachs Group increased their price target on shares of SharkNinja from $59.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Canaccord Genuity Group lifted their price objective on SharkNinja from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and an average price target of 67.14.

SharkNinja Stock Up 6.4 %

The business’s fifty day moving average price is 61.19 and its 200 day moving average price is 52.74. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 15th. The company reported 0.94 EPS for the quarter, topping the consensus estimate of 0.86 by 0.08. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The firm had revenue of 1.38 billion during the quarter, compared to analysts’ expectations of 1.31 billion. During the same period in the previous year, the company earned $0.54 EPS. SharkNinja’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, research analysts predict that SharkNinja, Inc. will post 3.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC acquired a new position in SharkNinja during the fourth quarter worth approximately $37,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of SharkNinja during the 3rd quarter worth $42,000. Headlands Technologies LLC purchased a new position in shares of SharkNinja in the 1st quarter worth $66,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in SharkNinja in the first quarter valued at $77,000. Finally, Tower Research Capital LLC TRC purchased a new stake in SharkNinja during the fourth quarter valued at about $97,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Company Profile

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.