SharkNinja (NYSE:SN) Sets New 1-Year High at $65.66

SharkNinja, Inc. (NYSE:SN - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as 65.66 and last traded at 65.45, with a volume of 780877 shares traded. The stock had previously closed at 64.12.

Analyst Upgrades and Downgrades

SN has been the subject of a number of recent research reports. Guggenheim began coverage on SharkNinja in a research report on Monday, February 5th. They set a "buy" rating and a $60.00 target price for the company. UBS Group assumed coverage on shares of SharkNinja in a research note on Monday, April 15th. They set a "buy" rating and a $76.00 price target for the company. The Goldman Sachs Group raised their price objective on shares of SharkNinja from $59.00 to $74.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $68.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. started coverage on SharkNinja in a research report on Thursday, April 4th. They issued an "overweight" rating and a $70.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and an average target price of 67.14.

SharkNinja Stock Up 1.6 %

The firm's 50-day moving average is 59.96 and its 200-day moving average is 51.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly 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. The business had revenue of 1.38 billion for the quarter, compared to analysts' expectations of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The firm's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. Sell-side analysts predict that SharkNinja, Inc. will post 3.54 EPS for the current year.

Hedge Funds Weigh In On SharkNinja

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of SharkNinja during the 3rd quarter valued at $185,000. Handelsbanken Fonder AB purchased a new stake in SharkNinja during the 3rd quarter valued at approximately $457,000. Pinnacle Associates Ltd. bought a new stake in SharkNinja in the 3rd quarter worth approximately $335,000. Bank of New York Mellon Corp bought a new position in shares of SharkNinja during the 3rd quarter valued at approximately $414,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of SharkNinja in the third quarter valued at $1,929,000. 34.77% of the stock is owned by 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.

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