SharkNinja (NYSE:SN) Shares Up 3.4%

SharkNinja, Inc. (NYSE:SN) was up 3.4% on Friday . The stock traded as high as $95.48 and last traded at $95.07. Approximately 152,968 shares traded hands during trading, a decline of 86% from the average daily volume of 1,090,567 shares. The stock had previously closed at $91.91.

Analyst Ratings Changes

SN has been the subject of a number of research analyst reports. UBS Group increased their target price on SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a report on Friday, May 10th. Morgan Stanley increased their price objective on SharkNinja from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Canaccord Genuity Group lifted their target price on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Bank of America increased their price target on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, China Renaissance began coverage on shares of SharkNinja in a research report on Wednesday, May 29th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average target price of $83.81.

SharkNinja Trading Up 4.3 %

The company has a 50 day moving average of $79.63 and a 200 day moving average of $70.32. The firm has a market cap of $13.41 billion and a P/E ratio of 70.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. Analysts predict that SharkNinja, Inc. will post 4.23 EPS for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

Several institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new position in SharkNinja during the fourth quarter valued at approximately $2,925,000. Russell Investments Group Ltd. boosted its holdings in shares of SharkNinja by 36.6% during the 4th quarter. Russell Investments Group Ltd. now owns 310,395 shares of the company’s stock worth $15,976,000 after buying an additional 83,133 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of SharkNinja by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 261,181 shares of the company’s stock worth $13,365,000 after buying an additional 7,710 shares during the period. AI Squared Management Ltd bought a new position in SharkNinja in the 4th quarter worth $957,000. Finally, TimesSquare Capital Management LLC acquired a new position in SharkNinja during the 4th quarter worth $2,738,000. 34.77% of the stock is currently owned by institutional investors.

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.