SharkNinja (NYSE:SN) Reaches New 52-Week High at $65.30

SharkNinja, Inc. (NYSE:SN - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as 65.30 and last traded at 64.89, with a volume of 100359 shares. The stock had previously closed at 64.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of SharkNinja from $52.00 to $59.00 and gave the company an "action list buy" rating in a research note on Friday, February 16th. Guggenheim assumed coverage on shares of SharkNinja in a research note on Monday, February 5th. They set a "buy" rating and a $60.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of SharkNinja in a research note on Thursday. They issued an "overweight" rating and a $70.00 price objective for the company. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $68.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. Finally, Morgan Stanley assumed coverage on shares of SharkNinja in a research note on Tuesday, January 30th. They issued an "equal weight" rating and a $54.00 price objective for the company. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of 63.17.

SharkNinja Trading Up 0.2 %

The firm's fifty day moving average price is 55.65 and its 200-day moving average price is 49.76. 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 - Get Free Report) last issued its earnings results 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. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The business had revenue of 1.38 billion for the quarter, compared to analyst estimates of 1.31 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm's revenue was up 16.5% on a year-over-year basis. On average, research analysts expect that SharkNinja, Inc. will post 3.52 earnings per share for the current year.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new position in SharkNinja in the fourth quarter valued at about $37,000. Orion Portfolio Solutions LLC boosted its position in SharkNinja by 13.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 6,654 shares of the company's stock valued at $333,000 after buying an additional 786 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of SharkNinja during the third quarter worth approximately $42,000. Tower Research Capital LLC TRC acquired a new position in shares of SharkNinja during the fourth quarter worth approximately $97,000. Finally, 1492 Capital Management LLC lifted its position in shares of SharkNinja by 16.0% during the fourth quarter. 1492 Capital Management LLC now owns 15,884 shares of the company's stock worth $813,000 after purchasing an additional 2,193 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.