SharkNinja (NYSE:SN) Reaches New 1-Year High at $63.10

SharkNinja, Inc. (NYSE:SN - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as 63.10 and last traded at 62.62, with a volume of 203305 shares traded. The stock had previously closed at 62.29.

Wall Street Analysts Forecast Growth

SN has been the subject of several recent analyst reports. Guggenheim initiated coverage on shares of SharkNinja in a research note on Monday, February 5th. They set a "buy" rating and a $60.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of SharkNinja from $52.00 to $59.00 and gave the stock an "action list buy" rating in a research note on Friday, February 16th. Finally, Morgan Stanley started coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They set an "equal weight" rating and a $54.00 price objective for the company. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, SharkNinja has an average rating of "Buy" and a consensus target price of 59.00.

SharkNinja Stock Performance

The company has a 50-day simple moving average of 54.10. The company has a quick ratio of 1.06, a current ratio of 1.69 and a debt-to-equity ratio of 0.52.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share for the quarter, beating the consensus estimate of 0.86 by 0.08. The firm had revenue of 1.38 billion during the quarter, compared to the consensus estimate of 1.31 billion. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The firm's quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. On average, equities research analysts predict that SharkNinja, Inc. will post 3.52 EPS for the current year.

Institutional Trading of SharkNinja

Several institutional investors and hedge funds have recently made changes to their positions in SN. HighTower Advisors LLC bought a new stake in shares of SharkNinja in the third quarter valued at about $229,844,000. FMR LLC bought a new position in SharkNinja in the third quarter worth about $99,595,000. Parsifal Capital Management LP raised its holdings in SharkNinja by 57.9% in the fourth quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company's stock worth $162,304,000 after purchasing an additional 1,163,185 shares in the last quarter. Wolf Hill Capital Management LP raised its holdings in SharkNinja by 349.8% in the fourth quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company's stock worth $69,047,000 after purchasing an additional 1,049,369 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in SharkNinja in the fourth quarter worth about $47,811,000. 34.77% of the stock is currently owned by 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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.