SharkNinja (NYSE:SN) Hits New 1-Year High – Should You Buy?

SharkNinja, Inc. (NYSE:SN)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $115.87 and last traded at $115.36, with a volume of 116108 shares traded. The stock had previously closed at $114.12.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SN shares. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Morgan Stanley lifted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Jefferies Financial Group raised their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group upped their target price on shares of SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.28.

SharkNinja Stock Up 0.4 %

The stock has a market capitalization of $16.04 billion, a P/E ratio of 44.95, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The firm has a 50 day moving average of $103.64 and a 200-day moving average of $99.08.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SN. Thurston Springer Miller Herd & Titak Inc. raised its stake in SharkNinja by 14.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,881 shares of the company’s stock valued at $965,000 after buying an additional 1,126 shares during the period. NBC Securities Inc. lifted its holdings in SharkNinja by 4,000.0% during the 3rd quarter. NBC Securities Inc. now owns 6,150 shares of the company’s stock valued at $668,000 after purchasing an additional 6,000 shares during the last quarter. Seven Grand Managers LLC boosted its position in SharkNinja by 150.0% during the third quarter. Seven Grand Managers LLC now owns 125,000 shares of the company’s stock worth $13,589,000 after purchasing an additional 75,000 shares during the period. Fortis Group Advisors LLC increased its holdings in shares of SharkNinja by 11.4% in the third quarter. Fortis Group Advisors LLC now owns 9,594 shares of the company’s stock valued at $1,043,000 after purchasing an additional 980 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares during the period. 34.77% of the stock is 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.