SharkNinja (NYSE:SN) Reaches New 12-Month High at $67.27

SharkNinja, Inc. (NYSE:SN - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as 67.27 and last traded at 66.93, with a volume of 1016400 shares. The stock had previously closed at 65.98.

Wall Street Analyst Weigh In

SN has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of SharkNinja in a report on Thursday, April 4th. They issued an "overweight" rating and a $70.00 target price on the stock. Canaccord Genuity Group upped their target price on SharkNinja from $68.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, April 2nd. Guggenheim initiated coverage on SharkNinja in a report on Monday, February 5th. They set a "buy" rating and a $60.00 price target for the company. Morgan Stanley started coverage on SharkNinja in a research note on Tuesday, January 30th. They issued an "equal weight" rating and a $54.00 price objective on the stock. Finally, UBS Group initiated coverage on SharkNinja in a research note on Monday, April 15th. They set a "buy" rating and a $76.00 target price for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of 67.14.

SharkNinja Stock Performance

The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of 60.93 and a two-hundred day moving average of 52.64.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported 0.94 EPS for the quarter, beating analysts' consensus estimates of 0.86 by 0.08. The firm had revenue of 1.38 billion for the quarter, compared to analyst estimates of 1.31 billion. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The business's revenue for the quarter was up 16.5% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. On average, analysts forecast that SharkNinja, Inc. will post 3.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

A number of hedge funds have recently made changes to their positions in SN. Hsbc Holdings PLC bought a new stake in SharkNinja during the third quarter valued at $3,529,000. Royal London Asset Management Ltd. acquired a new stake in SharkNinja during the third quarter worth approximately $873,000. Charles Schwab Investment Management Inc. bought a new stake in SharkNinja in the third quarter worth approximately $11,751,000. Hudson Bay Capital Management LP acquired a new position in SharkNinja in the third quarter valued at approximately $6,496,000. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of SharkNinja by 60.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 11,615 shares of the company's stock worth $594,000 after buying an additional 4,380 shares in the last quarter. 34.77% of the stock is currently 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.