SharkNinja (NYSE:SN) Sees Large Volume Increase

SharkNinja, Inc. (NYSE:SNGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 865,152 shares were traded during trading, a decline of 10% from the previous session’s volume of 963,559 shares.The stock last traded at 59.08 and had previously closed at 59.15.

Analysts Set New Price Targets

SN has been the topic of several recent analyst reports. Canaccord Genuity Group began coverage on SharkNinja in a research report on Tuesday, November 28th. They issued a “buy” rating and a $61.00 price target on the stock. Guggenheim initiated coverage on shares of SharkNinja in a research note on Monday, February 5th. They set a “buy” rating and a $60.00 target price for the company. Morgan Stanley started coverage on shares of SharkNinja in a report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 price target for the company. Canaccord Genuity Group began coverage on shares of SharkNinja in a report on Tuesday, November 28th. They set a “buy” rating and a $61.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on shares of SharkNinja from $52.00 to $59.00 and gave the company an “action list buy” rating in a research note on Friday, February 16th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of 59.00.

Check Out Our Latest Research Report on SN

SharkNinja Stock Performance

The company’s 50-day moving average price is 52.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.69.

SharkNinja (NYSE:SNGet Free Report) last issued its earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of 0.86 by 0.08. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The business had revenue of 1.38 billion during the quarter, compared to analysts’ expectations of 1.31 billion. During the same period in the prior year, the firm posted $0.54 EPS. SharkNinja’s quarterly revenue was up 16.5% compared to the same quarter last year. Analysts anticipate that SharkNinja, Inc. will post 3.52 earnings per share for the current year.

Institutional Trading of SharkNinja

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in SharkNinja by 17.5% in the fourth quarter. Vanguard Group Inc. now owns 51,324 shares of the company’s stock worth $2,626,000 after purchasing an additional 7,637 shares in the last quarter. Wellington Management Group LLP acquired a new position in SharkNinja during the 4th quarter worth about $47,811,000. Goldman Sachs Group Inc. lifted its position in SharkNinja by 44.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 187,431 shares of the company’s stock worth $9,591,000 after buying an additional 57,622 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in SharkNinja by 87.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 38,571 shares of the company’s stock worth $1,974,000 after acquiring an additional 17,952 shares during the last quarter. Finally, Barclays PLC acquired a new stake in SharkNinja in the 4th quarter valued at about $3,147,000.

SharkNinja Company Profile

(Get Free Report)

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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.

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