SharkNinja (NYSE:SN) Reaches New 12-Month High - What's Next?

SharkNinja, Inc. (NYSE:SN - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $113.25 and last traded at $111.96, with a volume of 149199 shares. The stock had previously closed at $111.54.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SN. Jefferies Financial Group lifted their price target on SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Guggenheim boosted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Canaccord Genuity Group raised their price target on shares of SharkNinja from $128.00 to $129.00 and gave the company a "buy" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group raised their target price on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, SharkNinja currently has an average rating of "Moderate Buy" and a consensus target price of $117.28.

SharkNinja Trading Down 1.5 %

The company has a fifty day moving average of $102.40 and a 200-day moving average of $97.72. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 1.59 and a beta of 1.10. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $0.95 earnings per share. The firm's revenue was up 33.3% compared to the same quarter last year. As a group, equities research analysts anticipate that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Braun Stacey Associates Inc. grew its position in SharkNinja by 100.3% during the fourth quarter. Braun Stacey Associates Inc. now owns 168,880 shares of the company's stock worth $16,442,000 after buying an additional 84,554 shares during the period. GAM Holding AG increased its holdings in shares of SharkNinja by 14.4% during the fourth quarter. GAM Holding AG now owns 114,479 shares of the company's stock valued at $11,146,000 after purchasing an additional 14,403 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of SharkNinja by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock valued at $413,000 after purchasing an additional 219 shares during the last quarter. Baillie Gifford & Co. grew its position in SharkNinja by 33.1% in the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after acquiring an additional 604,559 shares in the last quarter. Finally, Peregrine Investment Management Inc. acquired a new position in shares of SharkNinja in the fourth quarter valued at $6,375,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.