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

SharkNinja, Inc. (NYSE:SN) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $116.39.

A number of brokerages have commented on SN. Guggenheim increased their price objective on SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Morgan Stanley raised their price target on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Canaccord Genuity Group boosted their price objective on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group raised their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Oppenheimer began coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares during the period. Hollencrest Capital Management bought a new stake in SharkNinja in the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja in the 3rd quarter worth $54,000. Waldron Private Wealth LLC bought a new position in SharkNinja during the 3rd quarter worth about $65,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja in the 2nd quarter valued at about $70,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

SharkNinja stock opened at $97.90 on Thursday. The stock has a 50-day simple moving average of $100.81 and a 200 day simple moving average of $92.59. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 1.65 and a beta of 1.01. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. SharkNinja has a 12-month low of $45.85 and a 12-month high of $112.93.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 33.3% on a year-over-year basis. On average, research analysts anticipate that SharkNinja will post 3.88 earnings per share for the current fiscal year.

About SharkNinja

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.