SharkNinja Sees Unusually High Options Volume (NYSE:SN)

SharkNinja, Inc. (NYSE:SN - Get Free Report) was the target of some unusual options trading activity on Monday. Investors acquired 21,703 put options on the company. This is an increase of 1,638% compared to the average volume of 1,249 put options.

SharkNinja Trading Down 1.9 %

Shares of SN traded down $1.74 during trading hours on Wednesday, hitting $89.84. The company had a trading volume of 1,110,266 shares, compared to its average volume of 1,235,180. SharkNinja has a 52-week low of $60.57 and a 52-week high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The stock's 50 day moving average price is $102.91 and its 200 day moving average price is $102.51. The firm has a market cap of $12.57 billion, a P/E ratio of 28.89, a P/E/G ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, research analysts predict that SharkNinja will post 4.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group increased their target price on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.50.

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Institutional Investors Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SN. Quarry LP bought a new position in SharkNinja during the 4th quarter valued at approximately $47,000. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja during the third quarter valued at approximately $54,000. Continuum Advisory LLC lifted its stake in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after acquiring an additional 550 shares during the period. R Squared Ltd bought a new stake in SharkNinja in the fourth quarter valued at $55,000. Finally, Covestor Ltd increased its position in SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after purchasing an additional 475 shares during the period. 34.77% of the stock is currently owned by institutional investors.

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.