SharkNinja, Inc. (NYSE:SN) Short Interest Down 17.5% in November

SharkNinja, Inc. (NYSE:SN) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 3,200,000 shares, a decline of 17.5% from the November 15th total of 3,880,000 shares. Based on an average trading volume of 1,450,000 shares, the short-interest ratio is presently 2.2 days. Approximately 4.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lowered their price target on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Oppenheimer assumed coverage on SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective on the stock. Guggenheim boosted 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. Finally, The Goldman Sachs Group raised their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.39.

SharkNinja Price Performance

Shares of SN traded up $3.11 during mid-day trading on Monday, reaching $102.78. 434,780 shares of the stock traded hands, compared to its average volume of 1,205,358. SharkNinja has a 1 year low of $45.85 and a 1 year high of $112.93. The firm has a fifty day moving average price of $102.48 and a 200 day moving average price of $91.54. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00.

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

Institutional Investors Weigh In On SharkNinja

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its holdings in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of SharkNinja during the 3rd quarter worth approximately $54,000. Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja in the third quarter worth about $54,000. Waldron Private Wealth LLC purchased a new position in SharkNinja in the 3rd quarter valued at about $65,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of SharkNinja in the second quarter valued at about $70,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

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.