SharkNinja, Inc. (NYSE:SN – Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as 54.26 and last traded at 52.72, with a volume of 595296 shares changing hands. The stock had previously closed at 50.90.
Wall Street Analysts Forecast Growth
SN has been the topic of several analyst reports. Canaccord Genuity Group initiated coverage on SharkNinja in a research report on Tuesday, November 28th. They set a “buy” rating and a $61.00 price target on the stock. Morgan Stanley started coverage on shares of SharkNinja in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 target price on the stock. The Goldman Sachs Group began coverage on SharkNinja in a report on Wednesday, October 25th. They set a “buy” rating and a $52.00 price target for the company. Canaccord Genuity Group started coverage on SharkNinja in a research report on Tuesday, November 28th. They issued a “buy” rating and a $61.00 price objective on the stock. Finally, Guggenheim assumed coverage on shares of SharkNinja in a report on Monday, February 5th. They issued a “buy” rating and a $60.00 target price on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of 57.60.
SharkNinja Price Performance
The company has a debt-to-equity ratio of 0.52, a current ratio of 1.77 and a quick ratio of 1.07. The company’s fifty day simple moving average is 49.48.
Institutional Trading of SharkNinja
Several institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in SharkNinja in the 3rd quarter worth about $229,844,000. FMR LLC purchased a new position in shares of SharkNinja during the 3rd quarter valued at approximately $99,595,000. Wolf Hill Capital Management LP increased its holdings in SharkNinja by 349.8% in the 4th quarter. Wolf Hill Capital Management LP now owns 1,349,369 shares of the company’s stock worth $69,047,000 after acquiring an additional 1,049,369 shares in the last quarter. Pertento Partners LLP acquired a new position in SharkNinja during the third quarter worth $42,883,000. Finally, 683 Capital Management LLC purchased a new position in SharkNinja during the third quarter valued at $30,134,000.
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, 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.