SharkNinja Sees Unusually Large Options Volume (NYSE:SN)

SharkNinja, Inc. (NYSE:SN) was the target of unusually large options trading on Monday. Stock traders acquired 21,703 put options on the company. This represents an increase of approximately 1,638% compared to the typical daily volume of 1,249 put options.

SharkNinja Stock Up 4.8 %

Shares of SharkNinja stock traded up $4.21 during trading hours on Monday, hitting $92.16. The company had a trading volume of 1,329,590 shares, compared to its average volume of 1,276,905. 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’s 50-day moving average is $103.78 and its two-hundred day moving average is $102.66. The company has a market cap of $12.90 billion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. SharkNinja has a twelve month low of $59.78 and a twelve month high of $123.00.

SharkNinja (NYSE:SN) last posted 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). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. Analysts anticipate that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of SharkNinja during the fourth quarter valued at approximately $47,000. Safe Harbor Fiduciary LLC purchased a new position in SharkNinja in the 3rd quarter valued at about $54,000. Continuum Advisory LLC grew its position in shares of SharkNinja by 6,875.0% during the fourth 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 acquired a new position in shares of SharkNinja in the 4th quarter worth approximately $55,000. Finally, Covestor Ltd boosted its holdings in shares of SharkNinja by 284.4% in the 4th 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. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SN. Morgan Stanley upped their target price on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Jefferies Financial Group upped their price target on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group increased 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. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average 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.