<div id="readability-page-1"><p>SharkNinja, Inc. (NYSE:SN - Get Free Report) was the recipient of some unusual options trading on Friday. Traders purchased 4,721 call options on the company. Thisisanincreaseofapproximately118% compared to the typical daily volume of 2,162 call options.</p><h2>Hedge Funds Weigh In On SharkNinja</h2><ul><li>Snap-On: Snap Up This Strong Signal While It’s Still Cheap</li></ul><p>Hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in  SharkNinja in the 2nd quarter valued at $81,983,000.  Palestra Capital Management LLC raised its position in shares of  SharkNinja by 83.4% in the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock valued at $173,377,000 after buying an additional 809,960 shares during the last quarter.  Greenvale Capital LLP purchased a new stake in shares of  SharkNinja in the fourth quarter valued at about $73,020,000.  Third Point LLC boosted its stake in  SharkNinja by 118.2% during the second quarter. Third Point LLC now owns 1,200,000 shares of the company's stock worth $118,788,000 after buying an additional 650,000 shares during the period.  Finally, Disciplined Growth Investors Inc. MN acquired a new stake in  SharkNinja in the second quarter valued at approximately $46,048,000. Hedge funds and other institutional investors own  34.77% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several analysts have recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $127.00 to $136.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, July 17th. Wall Street Zen upgraded shares of SharkNinja from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Saturday, August 9th. Morgan Stanley lifted their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an &#34;equal weight&#34; rating in a research report on Friday, May 9th. JPMorgan Chase &amp; Co. boosted their target price on shares of SharkNinja from $108.00 to $144.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group increased their target price on shares of SharkNinja from $100.00 to $112.00 and gave the company a &#34;buy&#34; rating in a report on Friday, May 9th. One research analyst  has rated the stock with a hold rating and seven have issued  a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $131.86.</p><ul><li>Top 5 Stocks for July: Momentum-Driven Picks to Watch Now</li></ul><p><b>Read Our Latest Analysis on SN</b></p><h2>SharkNinja Trading Down 0.8%</h2><p>Shares of SN traded down $0.99 during trading hours on Friday, reaching $118.31. The stock had a trading volume of 98,944 shares, compared to its average volume of 1,647,031. The firm has a 50-day moving average of $105.76 and a 200 day moving average of $96.76. SharkNinja has a 52 week low of $60.50 and a 52 week high of $128.51. The company has a market cap of $16.69 billion, a P/E ratio of 32.27, a P/E/G ratio of 2.38 and a beta of 1.69. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. </p><ul><li>Snowflake Hits 52-Week High—Options Traders Bet on Further Rally</li></ul><p>SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. SharkNinja's revenue for the quarter was up 15.7% on a year-over-year basis.  On average, sell-side analysts expect that  SharkNinja will post 4.52 earnings per share for the current fiscal year. </p><h2>About SharkNinja</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than SharkNinja</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>Arista Networks: Cashing In as the Tollbooth for AI Traffic</li><li>How to start investing in penny stocks</li><li>Elbit Systems Jumps on Record Earnings and a $1.6B Contract</li><li>What is a Stock Market Index and How Do You Use Them?</li><li>Microchip Technologies on Track for Macro Reversal and Rebound</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in SharkNinja Right Now?</h2><p>Before you consider SharkNinja, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SharkNinja wasn't on the list.</p><p>While SharkNinja currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>SharkNinja, Inc. (NYSE:SN) experienced unusual options trading with 4,721 call options purchased, marking a 118% increase from the average volume. Hedge funds have increased their stakes, with Norges Bank investing $81.98 million. Analysts have raised target prices, with Canaccord Genuity setting it at $136.00. The stock traded down 0.8% to $118.31, with a market cap of $16.69 billion and a P/E ratio of 32.27. SharkNinja reported $0.97 EPS for the last quarter, exceeding estimates, with revenue up 15.7% year-over-year.</p>

SharkNinja Sees Unusually Large Options Volume (NYSE:SN)