SharkNinja Target of Unusually Large Options Trading (NYSE:SN)

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

SharkNinja Price Performance

NYSE SN opened at $91.64 on Wednesday. The stock has a 50-day simple moving average of $103.25 and a 200 day simple moving average of $102.60. SharkNinja has a twelve month low of $59.78 and a twelve month high of $123.00. The stock has a market capitalization of $12.82 billion, a PE ratio of 29.47, a P/E/G ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

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

Institutional Trading of SharkNinja

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of SharkNinja in the fourth quarter valued at about $47,000. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja in the 3rd quarter valued at approximately $54,000. Continuum Advisory LLC lifted its position in shares of SharkNinja by 6,875.0% in the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock worth $54,000 after acquiring an additional 550 shares during the period. R Squared Ltd acquired a new stake in shares of SharkNinja during the 4th quarter worth approximately $55,000. Finally, Covestor Ltd increased its position in shares of SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after purchasing an additional 475 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on SN shares. Morgan Stanley increased their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Jefferies Financial Group raised their target price on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped 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. Finally, Canaccord Genuity Group raised their price objective on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $122.50.

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.