Traders Buy High Volume of SharkNinja Put Options (NYSE:SN)

SharkNinja, Inc. (NYSE:SN) saw some unusual options trading activity on Monday. Stock traders bought 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.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On SharkNinja

A number of hedge funds have recently modified their holdings of SN. Advisors Asset Management Inc. grew its stake in SharkNinja by 50.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,817 shares of the company’s stock valued at $2,154,000 after acquiring an additional 6,662 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth approximately $525,000. Alpha DNA Investment Management LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth approximately $508,000. Westfield Capital Management Co. LP purchased a new stake in shares of SharkNinja in the third quarter valued at approximately $114,878,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of SharkNinja by 322.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,800 shares of the company’s stock valued at $413,000 after purchasing an additional 2,900 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $92.20 on Tuesday. The stock has a market capitalization of $12.90 billion, a P/E ratio of 29.65, a PEG ratio of 2.35 and a beta of 1.24. The business has a 50 day simple moving average of $103.53 and a two-hundred day simple moving average of $102.62. SharkNinja has a 12 month low of $59.78 and a 12 month high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

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

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.