SharkNinja (NYSE:SN) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of SharkNinja (NYSE:SN) from a buy rating to a hold rating in a research note released on Saturday morning.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th. Oppenheimer boosted their price target on SharkNinja from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings downgraded SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Canaccord Genuity Group raised their price objective on SharkNinja from $127.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. reduced their target price on SharkNinja from $136.00 to $131.00 and set an “overweight” rating for the company in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

SharkNinja Stock Up 1.0%

Shares of SharkNinja stock opened at $89.27 on Friday. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.68 and a beta of 1.56. The stock has a 50-day simple moving average of $111.28 and a 200-day simple moving average of $99.51. SharkNinja has a 52-week low of $60.50 and a 52-week high of $128.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.19. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, equities research analysts expect that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Abrams Bison Investments LLC boosted its position in shares of SharkNinja by 20.3% in the second quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company’s stock valued at $175,707,000 after acquiring an additional 300,000 shares during the period. Westfield Capital Management Co. LP raised its stake in SharkNinja by 14.2% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company’s stock valued at $139,056,000 after purchasing an additional 174,967 shares during the last quarter. Greenvale Capital LLP boosted its holdings in SharkNinja by 26.2% in the 2nd quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company’s stock valued at $133,636,000 after purchasing an additional 280,000 shares during the period. Alliancebernstein L.P. boosted its holdings in SharkNinja by 39.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock valued at $132,422,000 after purchasing an additional 377,544 shares during the period. Finally, Federated Hermes Inc. grew its position in SharkNinja by 14.7% in the 1st quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company’s stock worth $108,914,000 after purchasing an additional 167,757 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.