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

SharkNinja, Inc. (NYSE:SN) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $110.85.

A number of analysts have recently weighed in on SN shares. Oppenheimer started coverage on SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price for the company. Canaccord Genuity Group upped their target price on SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group upped their price objective on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upped their price objective on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st.

SharkNinja Stock Performance

NYSE:SN opened at $94.00 on Wednesday. The stock has a fifty day moving average price of $103.52 and a 200-day moving average price of $85.56. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 1.53 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja has a fifty-two week low of $41.12 and a fifty-two week high of $112.93.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company’s revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. As a group, equities analysts anticipate that SharkNinja will post 3.95 EPS for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently bought and sold shares of SN. William Blair Investment Management LLC acquired a new position in SharkNinja in the 2nd quarter worth about $190,482,000. Baillie Gifford & Co. increased its stake in shares of SharkNinja by 6,408.9% in the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after buying an additional 1,797,578 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in shares of SharkNinja in the first quarter valued at about $62,309,000. Hood River Capital Management LLC acquired a new stake in shares of SharkNinja in the first quarter valued at about $38,290,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of SharkNinja by 29.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock valued at $127,450,000 after buying an additional 380,926 shares during the period. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.