SharkNinja (NYSE:SN) Sets New 52-Week High at $65.66

SharkNinja, Inc. (NYSE:SN) shares reached a new 52-week high on Thursday . The company traded as high as 65.66 and last traded at 65.45, with a volume of 780877 shares traded. The stock had previously closed at 64.12.

Analysts Set New Price Targets

Several analysts have recently issued reports on SN shares. JPMorgan Chase & Co. began coverage on shares of SharkNinja in a research note on Thursday, April 4th. They set an “overweight” rating and a $70.00 price objective for the company. Guggenheim began coverage on SharkNinja in a research report on Monday, February 5th. They issued a “buy” rating and a $60.00 target price for the company. The Goldman Sachs Group lifted their price objective on shares of SharkNinja from $59.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Morgan Stanley assumed coverage on shares of SharkNinja in a report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 price objective on the stock. Finally, UBS Group assumed coverage on shares of SharkNinja in a research note on Monday, April 15th. They set a “buy” rating and a $76.00 target price for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of 67.14.

SharkNinja Price Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. The business’s 50-day simple moving average is 59.96 and its 200-day simple moving average is 51.93.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 15th. The company reported 0.94 earnings per share for the quarter, topping the consensus estimate of 0.86 by 0.08. The firm had revenue of 1.38 billion for the quarter, compared to analysts’ expectations of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. On average, research analysts expect that SharkNinja, Inc. will post 3.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

Several hedge funds have recently bought and sold shares of SN. Parallel Advisors LLC acquired a new stake in SharkNinja during the fourth quarter worth about $37,000. Harvest Fund Management Co. Ltd acquired a new position in shares of SharkNinja during the 3rd quarter worth $42,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in SharkNinja in the first quarter valued at about $77,000. Tower Research Capital LLC TRC bought a new position in SharkNinja in the fourth quarter valued at about $97,000. Finally, SG Americas Securities LLC bought a new position in SharkNinja in the third quarter valued at about $185,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.