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

SharkNinja, Inc. (NYSE:SN) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $117.28.

A number of research firms have recently issued reports on SN. Oppenheimer started coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 target price for the company. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday. Guggenheim boosted their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, 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.

Institutional Investors Weigh In On SharkNinja

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in SharkNinja by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company’s stock valued at $56,401,000 after acquiring an additional 14,140 shares during the period. Amalgamated Bank bought a new position in SharkNinja in the 2nd quarter valued at about $285,000. Blair William & Co. IL acquired a new position in shares of SharkNinja during the 2nd quarter worth approximately $5,118,000. Hood River Capital Management LLC grew its position in shares of SharkNinja by 16.0% during the 2nd quarter. Hood River Capital Management LLC now owns 713,146 shares of the company’s stock worth $53,593,000 after purchasing an additional 98,440 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of SharkNinja during the 2nd quarter worth approximately $233,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Up 0.7 %

NYSE SN opened at $109.61 on Monday. 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 stock’s 50 day moving average is $100.45 and its two-hundred day moving average is $95.51. The company has a market capitalization of $15.34 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 1.54 and a beta of 1.10. SharkNinja has a 1-year low of $45.85 and a 1-year high of $112.93.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. SharkNinja’s quarterly revenue was up 33.3% compared to the same quarter last year. Equities analysts forecast that SharkNinja will post 3.89 earnings per share for the current fiscal year.

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.