SharkNinja (NYSE:SN) Shares Gap Down to $62.94

SharkNinja, Inc. (NYSE:SN)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at 62.94, but opened at 61.18. SharkNinja shares last traded at 62.41, with a volume of 106,268 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of SharkNinja in a research report on Tuesday, January 30th. They issued an “equal weight” rating and a $54.00 price objective for the company. Guggenheim assumed coverage on shares of SharkNinja in a research report on Monday, February 5th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, The Goldman Sachs Group boosted their price objective on shares of SharkNinja from $52.00 to $59.00 and gave the stock an “action list buy” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of 59.00.

SharkNinja Price Performance

The business has a 50 day simple moving average of 53.53. The company has a current ratio of 1.69, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, February 15th. The company reported 0.94 EPS for the quarter, topping analysts’ consensus estimates of 0.86 by 0.08. The company had revenue of 1.38 billion during the quarter, compared to the consensus estimate of 1.31 billion. SharkNinja had a net margin of 3.93% and a return on equity of 24.71%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. Analysts predict that SharkNinja, Inc. will post 3.52 earnings per share for the current year.

Institutional Investors Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently modified their holdings of the company. Perpetual Ltd bought a new position in SharkNinja in the 3rd quarter valued at about $10,859,000. SG Americas Securities LLC bought a new position in SharkNinja in the 3rd quarter valued at about $185,000. Financial Enhancement Group LLC bought a new position in SharkNinja in the 3rd quarter valued at about $1,330,000. Schwartz Investment Counsel Inc. acquired a new position in shares of SharkNinja during the 3rd quarter worth approximately $2,304,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth approximately $141,000. 34.77% of the stock is owned by institutional investors.

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, as well as other floorcare products; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, cookware, cutlery, kettles, toasters, and bakeware products; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, home environment products, and garment care products.