SharkNinja Sees Unusually High Options Volume (NYSE:SN)

SharkNinja, Inc. (NYSE:SN) was the recipient of unusually large options trading activity on Monday. Traders purchased 21,703 put options on the stock. This represents an increase of approximately 1,638% compared to the average volume of 1,249 put options.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in shares of SharkNinja in the fourth quarter worth about $47,000. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja in the third quarter valued at about $54,000. Continuum Advisory LLC lifted its holdings in SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after buying an additional 550 shares in the last quarter. R Squared Ltd bought a new stake in shares of SharkNinja during the fourth quarter worth approximately $55,000. Finally, Covestor Ltd lifted its stake in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after buying an additional 475 shares during the period. Institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

SN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group upped their target price on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley raised their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group upped their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $122.50.

SharkNinja Stock Up 4.8 %

NYSE:SN traded up $4.21 during trading hours on Monday, reaching $92.16. The company’s stock had a trading volume of 1,329,590 shares, compared to its average volume of 1,276,905. SharkNinja has a one year low of $59.78 and a one year high of $123.00. The business’s 50-day moving average is $103.78 and its 200-day moving average is $102.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a market cap of $12.90 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.61 billion. Equities research analysts predict that SharkNinja will post 4.52 EPS for the current year.

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.