SharkNinja, Inc. (NYSE:SN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $97.94.

SN has been the subject of several research reports. Guggenheim boosted their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Bank of America upped their price target on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price objective on SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Oppenheimer began coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. Finally, Canaccord Genuity Group lifted their price target on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. William Blair Investment Management LLC purchased a new stake in SharkNinja in the second quarter valued at approximately $190,482,000. Thrivent Financial for Lutherans grew its position in SharkNinja by 29.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock worth $127,450,000 after purchasing an additional 380,926 shares during the last quarter. Wolf Hill Capital Management LP increased its stake in SharkNinja by 4.1% in the first quarter. Wolf Hill Capital Management LP now owns 1,405,343 shares of the company’s stock valued at $87,539,000 after purchasing an additional 55,974 shares during the period. Jericho Capital Asset Management L.P. purchased a new stake in shares of SharkNinja in the first quarter valued at about $62,309,000. Finally, Wellington Management Group LLP acquired a new stake in shares of SharkNinja during the fourth quarter worth about $47,811,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

SN stock opened at $108.95 on Friday. The business’s fifty day moving average price is $100.26 and its 200 day moving average price is $81.82. SharkNinja has a 12-month low of $38.69 and a 12-month high of $110.96. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $15.25 billion, a PE ratio of 62.61, a P/E/G ratio of 1.87 and a beta of 0.77.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.14. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. On average, sell-side analysts anticipate that SharkNinja will post 3.89 EPS for the current year.

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.