SharkNinja (NYSE:SN) Hits New 52-Week High – What’s Next?

SharkNinja, Inc. (NYSE:SN)’s stock price reached 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.

Analyst Upgrades and Downgrades

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

SharkNinja Stock Up 0.4 %

The firm has a market capitalization of $16.04 billion, a PE ratio of 44.95, a PEG ratio of 1.59 and a beta of 1.13. The company has a fifty day moving average price of $103.64 and a 200-day moving average price of $99.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SN. Signaturefd LLC boosted its position in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new position in SharkNinja in the third quarter valued at approximately $54,000. Safe Harbor Fiduciary LLC purchased a new position in shares of SharkNinja in the 3rd quarter valued at about $54,000. R Squared Ltd acquired a new position in SharkNinja during the fourth quarter worth $55,000. Finally, Waldron Private Wealth LLC purchased a new position in SharkNinja in the 3rd quarter valued at about $65,000. Institutional investors own 34.77% of the company’s stock.

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.