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

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

Several analysts recently commented on the company. Oppenheimer started coverage on SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective on the stock. Guggenheim lifted their price objective on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. Canaccord Genuity Group increased their target price on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Bank of America increased their price objective 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.

Hedge Funds Weigh In On SharkNinja

A number of large investors have recently modified their holdings of SN. William Blair Investment Management LLC bought a new position in shares of SharkNinja in the second quarter valued at $190,482,000. Jericho Capital Asset Management L.P. acquired a new stake in SharkNinja in the first quarter valued at $62,309,000. Wellington Management Group LLP bought a new position in shares of SharkNinja in the 4th quarter valued at about $47,811,000. Hood River Capital Management LLC acquired a new position in shares of SharkNinja during the 1st quarter worth about $38,290,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of SharkNinja by 29.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock valued at $127,450,000 after purchasing an additional 380,926 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $107.30 on Friday. The firm has a fifty day moving average of $97.40 and a two-hundred day moving average of $80.25. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 61.67, a PEG ratio of 1.90 and a beta of 0.77. SharkNinja has a 52 week low of $38.69 and a 52 week high of $110.96. 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 issued its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.57 by $0.14. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate 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 firm earned $0.46 earnings per share. As a group, equities research analysts predict 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.