Investors Buy High Volume of SharkNinja Call Options (NYSE:SN)

Key Points

• SharkNinja experienced a significant surge in options trading, with a 118% increase in call options, indicating heightened trader interest.
• Several hedge funds have recently increased their stakes in SharkNinja, suggesting strong institutional confidence in the company.
• Wall Street analysts have raised their target prices for SharkNinja, reflecting optimistic growth expectations and a consensus average rating of "Moderate Buy."

SharkNinja, Inc. (NYSE:SN - Get Free Report) saw some unusual options trading activity on Friday. Traders bought 4,721 call options on the company. Thisisanincreaseofapproximately118% compared to the typical volume of 2,162 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research note on Monday, June 30th. Canaccord Genuity Group upped their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a report on Sunday. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and an average target price of $131.86.

Institutional Investors Weigh In On SharkNinja

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after buying an additional 155 shares during the period. Harbour Investments Inc. increased its stake in SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after buying an additional 406 shares during the period. New York State Teachers Retirement System purchased a new stake in SharkNinja during the 2nd quarter worth $43,000. SVB Wealth LLC purchased a new stake in SharkNinja during the 1st quarter worth $36,000. Finally, Quarry LP purchased a new stake in SharkNinja during the 4th quarter worth $47,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Up 0.1%

SharkNinja stock traded up $0.0930 during midday trading on Wednesday, hitting $119.4330. 1,023,566 shares of the stock were exchanged, compared to its average volume of 1,643,385. SharkNinja has a 1 year low of $60.50 and a 1 year high of $128.51. The firm has a market cap of $16.84 billion, a P/E ratio of 32.63, a P/E/G ratio of 2.34 and a beta of 1.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. The company has a 50 day moving average price of $107.62 and a two-hundred day moving average price of $96.80.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm's quarterly revenue was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, sell-side analysts predict that SharkNinja will post 4.52 earnings per share for the current fiscal year.

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.