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

Shares of SharkNinja, Inc. (NYSE:SN) have been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $83.81.

SN has been the topic of several recent research reports. China Renaissance assumed coverage on SharkNinja in a report on Wednesday, May 29th. They set a “buy” rating on the stock. The Goldman Sachs Group raised their target price on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Bank of America increased their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd.

Hedge Funds Weigh In On SharkNinja

Several hedge funds have recently made changes to their positions in SN. Perpetual Ltd grew its position in shares of SharkNinja by 3.6% during the first quarter. Perpetual Ltd now owns 317,960 shares of the company’s stock worth $19,806,000 after acquiring an additional 11,112 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in SharkNinja during the 1st quarter worth $981,000. GSA Capital Partners LLP acquired a new position in SharkNinja in the first quarter valued at $1,076,000. Capstone Investment Advisors LLC raised its holdings in shares of SharkNinja by 275.5% in the first quarter. Capstone Investment Advisors LLC now owns 92,772 shares of the company’s stock valued at $5,779,000 after buying an additional 68,069 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of SharkNinja in the fourth quarter valued at about $47,811,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Down 1.0 %

Shares of NYSE SN opened at $105.77 on Tuesday. 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 stock has a market capitalization of $14.80 billion, a PE ratio of 78.35, a PEG ratio of 1.52 and a beta of 0.76. SharkNinja has a twelve month low of $38.69 and a twelve month high of $108.68. The stock has a fifty day simple moving average of $87.18 and a 200-day simple moving average of $75.19.

SharkNinja (NYSE:SN) last announced its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.14. The company had revenue of $1.25 billion during 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%. SharkNinja’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. On average, equities analysts forecast that SharkNinja will post 3.89 earnings per share for the current 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.