SharkNinja (NYSE:SN) Hits New 12-Month High - Here's What Happened

Key Points

• SharkNinja reached a new 52-week high, trading as high as $191.32, with a market capitalization of approximately $27.06 billion.
• Analyst sentiment remains strongly positive: 12 analysts rate the stock a Buy and one rates it a Hold, while Guggenheim and Canaccord raised their price targets to $210.
• The company exceeded quarterly expectations, reporting $1.26 in adjusted EPS versus $1.11 expected and $1.77 billion in revenue versus $1.65 billion expected; revenue rose 22.2% year over year.

SharkNinja, Inc. (NYSE:SN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $191.32 and last traded at $190.8640, with a volume of 302347 shares. The stock had previously closed at $188.55.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen raised SharkNinja from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Guggenheim boosted their price target on shares of SharkNinja from $175.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Bank of America increased their price objective on shares of SharkNinja from $145.00 to $165.00 and gave the company a "buy" rating in a report on Tuesday, July 7th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $185.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised shares of SharkNinja from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 17th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $188.59.

SharkNinja Price Performance

The stock's fifty day moving average price is $161.18 and its 200-day moving average price is $131.73. The firm has a market cap of $27.06 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.17 and a beta of 1.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.15. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. SharkNinja's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, equities analysts expect that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

Insider Activity

In other news, insider Neil B. Shah sold 20,333 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $184.69, for a total value of $3,755,301.77. Following the completion of the sale, the insider directly owned 40,766 shares in the company, valued at $7,529,072.54. This represents a 33.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 40.80% of the stock is owned by company insiders.

Institutional Trading of SharkNinja

Large investors have recently added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of SharkNinja in the first quarter valued at about $27,000. Clearstead Trust LLC acquired a new position in SharkNinja in the 2nd quarter valued at about $30,000. Larson Financial Group LLC boosted its holdings in SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company's stock valued at $33,000 after purchasing an additional 126 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in shares of SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company's stock valued at $34,000 after buying an additional 248 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of SharkNinja during the 4th quarter worth approximately $38,000. 34.77% of the stock is currently owned by hedge funds and other 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.

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