SharkNinja, Inc. (NYSE:SN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $97.94.

A number of brokerages recently commented on SN. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price target on SharkNinja from $97.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Guggenheim increased their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Oppenheimer began coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. Finally, Bank of America increased their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, August 13th.

Hedge Funds Weigh In On SharkNinja

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SN. Perpetual Ltd lifted its position in shares of SharkNinja by 3.6% in the first quarter. Perpetual Ltd now owns 317,960 shares of the company’s stock valued at $19,806,000 after acquiring an additional 11,112 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of SharkNinja during the 1st quarter worth about $981,000. GSA Capital Partners LLP purchased a new stake in shares of SharkNinja during the first quarter worth about $1,076,000. Capstone Investment Advisors LLC raised its position 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 position in shares of SharkNinja during the fourth quarter valued at approximately $47,811,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

SharkNinja stock opened at $108.95 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.71 and a quick ratio of 1.04. The business has a 50 day simple moving average of $100.26 and a 200-day simple moving average of $81.82. SharkNinja has a 12 month low of $38.69 and a 12 month high of $110.96. The stock has a market capitalization of $15.25 billion, a PE ratio of 62.61, a price-to-earnings-growth ratio of 1.87 and a beta of 0.77.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. The company 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%. SharkNinja’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 EPS. Equities analysts predict 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.