SharkNinja (NYSE:SN) Hits New 1-Year High – Here’s What Happened

SharkNinja, Inc. (NYSE:SN) reached a new 52-week high on Monday . The company traded as high as $164.70 and last traded at $161.6940, with a volume of 164073 shares trading hands. The stock had previously closed at $161.77.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America boosted their price target on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. TD Cowen lifted their price objective on SharkNinja from $145.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on SharkNinja from $146.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Piper Sandler upped their target price on SharkNinja from $150.00 to $181.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.90.

SharkNinja Stock Down 0.4%

The firm’s 50-day moving average price is $140.60 and its 200 day moving average price is $124.13. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $22.79 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 2.12 and a beta of 1.21.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, sell-side analysts forecast that SharkNinja, Inc. will post 5.77 EPS for the current fiscal year.

Insider Buying and Selling at SharkNinja

In other news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction on Friday, May 8th. The stock was 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 trade represents a 79.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 40.80% of the company’s stock.

Institutional Trading of SharkNinja

Institutional investors and hedge funds have recently modified their holdings of the business. FIL Ltd boosted its stake in SharkNinja by 2.2% in the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after buying an additional 48,163 shares in the last quarter. Palestra Capital Management LLC raised its stake in SharkNinja by 10.3% during the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after acquiring an additional 130,121 shares in the last quarter. Alliancebernstein L.P. raised its stake in SharkNinja by 39.3% during the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after acquiring an additional 377,544 shares in the last quarter. Parsifal Capital Management LP bought a new position in shares of SharkNinja in the third quarter worth about $111,773,000. Finally, Morgan Stanley lifted its holdings in shares of SharkNinja by 191.3% in the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after acquiring an additional 709,494 shares during the last quarter. 34.77% of the stock is currently owned by 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.