SharkNinja (NYSE:SN) Hits New 1-Year High – Still a Buy?

SharkNinja, Inc. (NYSE:SN) reached a new 52-week high during trading on Tuesday . The company traded as high as $146.44 and last traded at $146.0110, with a volume of 1360042 shares trading hands. The stock had previously closed at $145.10.

Wall Street Analysts Forecast Growth

SN has been the topic of several recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. JPMorgan Chase & Co. raised their price target on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, National Bank Financial set a $145.00 price objective on shares of SharkNinja in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Trading Up 0.6%

The stock has a market capitalization of $20.66 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $121.42 and a 200-day moving average price of $117.82.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities analysts forecast that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

Insider Activity at SharkNinja

In related news, CFO Adam Quigley sold 6,923 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $112.97, for a total value of $782,091.31. Following the transaction, the chief financial officer owned 1,750 shares in the company, valued at approximately $197,697.50. This represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 40.80% of the company’s stock.

Institutional Trading of SharkNinja

Hedge funds have recently made changes to their positions in the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in SharkNinja in the 1st quarter valued at about $27,000. Larson Financial Group LLC lifted its holdings in SharkNinja by 64.3% during the third 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 boosted its position in SharkNinja by 459.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after purchasing an additional 248 shares during the period. Los Angeles Capital Management LLC bought a new position in SharkNinja during the fourth quarter worth about $38,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of SharkNinja in the third quarter worth about $46,000. 34.77% of the stock is currently owned by 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.