SharkNinja (NYSE:SN) Sets New 52-Week High - Here's Why

Key Points

• SharkNinja shares reached a new 52-week high of $195.10 and last traded at $192.12, up from the prior close of $189.98.
• Analysts remain bullish, with all 12 covering analysts rating the stock a Buy and recent price targets ranging as high as $210; the average target is $188.59.
• The company exceeded quarterly expectations with $1.26 in adjusted earnings per share and $1.77 billion in revenue, up 22.2% year over year. An insider nevertheless sold 50,000 shares for approximately $9.3 million.

SharkNinja, Inc. (NYSE:SN - Get Free Report)'s share price hit a new 52-week high on Tuesday. The company traded as high as $195.10 and last traded at $192.1150, with a volume of 459 shares. The stock had previously closed at $189.98.

Analysts Set New Price Targets

A number of analysts recently weighed in on SN shares. Piper Sandler reaffirmed an "overweight" rating and issued a $200.00 price objective (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. Wall Street Zen raised SharkNinja from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. The Goldman Sachs Group restated a "buy" rating and set a $204.00 price objective on shares of SharkNinja in a research note on Thursday, August 6th. Canaccord Genuity Group raised their target price on shares of SharkNinja from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, 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. Twelve equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, SharkNinja has an average rating of "Buy" and an average price target of $188.59.

SharkNinja Stock Up 0.5%

The stock has a fifty day moving average of $178.96 and a 200-day moving average of $145.67. The firm has a market capitalization of $26.89 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.19 and a beta of 1.27. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24.

SharkNinja (NYSE:SN - Get Free Report) last issued 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 analysts' expectations of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%. SharkNinja's revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, sell-side analysts expect that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Activity

In related news, insider Neil Shah sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the sale, the insider directly owned 497,220 shares in the company, valued at approximately $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 100,000 shares of company stock valued at $18,613,911 over the last ninety days. 40.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. World Investment Advisors grew its holdings in SharkNinja by 4.6% in the 1st quarter. World Investment Advisors now owns 2,343 shares of the company's stock valued at $248,000 after buying an additional 103 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in SharkNinja by 17.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,013 shares of the company's stock valued at $107,000 after purchasing an additional 149 shares during the period. Toth Financial Advisory Corp grew its position in shares of SharkNinja by 1.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 8,471 shares of the company's stock worth $1,526,000 after purchasing an additional 161 shares in the last quarter. Boothe Investment Group Inc. boosted its stake in shares of SharkNinja by 0.3% in the first quarter. Boothe Investment Group Inc. now owns 69,166 shares of the company's stock valued at $7,325,000 after buying an additional 173 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in SharkNinja during the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

About SharkNinja

SharkNinja, Inc is a global product design and technology company that develops consumer appliances and household products under the Shark and Ninja brands. Its portfolio includes vacuum cleaners, cordless and robot cleaning systems, steam mops, air purifiers, and other home-care products, as well as blenders, food processors, air fryers, coffee makers, cookware, and other kitchen appliances.

The company also offers products in categories such as beauty and personal care, including hair-styling tools.

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