SharkNinja (NYSE:SN) Coverage Initiated by Analysts at Oppenheimer

Equities research analysts at Oppenheimer assumed coverage on shares of SharkNinja (NYSE:SN) in a report issued on Tuesday, StockNewsAPI reports. The firm set an “outperform” rating and a $120.00 price target on the stock. Oppenheimer’s price objective points to a potential upside of 10.42% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Bank of America raised their target price on SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research 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 report on Monday. Canaccord Genuity Group lifted their price objective on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group lifted their price objective on SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and a consensus target price of $91.28.

SharkNinja Trading Up 2.5 %

Shares of NYSE:SN opened at $108.68 on Tuesday. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 80.50, a PEG ratio of 1.56 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. The stock’s 50-day simple moving average is $91.25 and its two-hundred day simple moving average is $77.42. SharkNinja has a 52-week low of $38.69 and a 52-week high of $108.99.

SharkNinja (NYSE:SN) last announced its 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 return on equity of 32.29% and a net margin of 5.16%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. Analysts expect that SharkNinja will post 3.89 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Perpetual Ltd lifted its holdings in SharkNinja by 3.6% in the 1st quarter. Perpetual Ltd now owns 317,960 shares of the company’s stock worth $19,806,000 after purchasing an additional 11,112 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in SharkNinja in the 1st quarter worth approximately $981,000. GSA Capital Partners LLP bought a new stake in SharkNinja in the 1st quarter worth approximately $1,076,000. Capstone Investment Advisors LLC increased its stake in SharkNinja by 275.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 92,772 shares of the company’s stock worth $5,779,000 after acquiring an additional 68,069 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in SharkNinja in the 4th quarter worth approximately $47,811,000. 34.77% of the stock is owned by hedge funds and other 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.