SharkNinja (NYSE:SN) Hits New 12-Month High – Here’s Why

SharkNinja, Inc. (NYSE:SN) hit a new 52-week high on Wednesday . The company traded as high as $139.58 and last traded at $138.7150, with a volume of 504838 shares. The stock had previously closed at $136.28.

Wall Street Analyst Weigh In

Several research firms have weighed in on SN. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. boosted their price objective on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research report on Friday, April 10th. Piper Sandler started coverage on shares of SharkNinja in a research note on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

SharkNinja Trading Up 5.5%

The stock has a 50 day moving average of $117.72 and a 200 day moving average of $116.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. The firm has a market cap of $19.94 billion, a P/E ratio of 28.41, a PEG ratio of 1.79 and a beta of 1.34.

SharkNinja (NYSE:SN) last issued 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. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities research analysts predict that SharkNinja, Inc. will post 5.74 EPS for the current year.

Insider Buying and Selling at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. The trade was a 79.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 40.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealth High Governance Capital Ltda raised its stake in shares of SharkNinja by 8.2% during the first quarter. Wealth High Governance Capital Ltda now owns 105,444 shares of the company’s stock worth $11,167,000 after acquiring an additional 8,010 shares in the last quarter. Wealth High Governance Asset Management Ltda. boosted its stake in shares of SharkNinja by 61.6% in the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 89,112 shares of the company’s stock valued at $9,437,000 after purchasing an additional 33,980 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of SharkNinja in the 1st quarter valued at $254,000. CTC Alternative Strategies Ltd. bought a new position in shares of SharkNinja during the 1st quarter valued at $339,000. Finally, Boothe Investment Group Inc. grew its holdings in shares of SharkNinja by 0.3% during the 1st quarter. Boothe Investment Group Inc. now owns 69,166 shares of the company’s stock valued at $7,325,000 after purchasing an additional 173 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.