SharkNinja (NYSE:SN) Now Covered by Oppenheimer

Oppenheimer assumed coverage on shares of SharkNinja (NYSE:SN) in a research note published on Tuesday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $120.00 target price on the stock.

SN has been the subject of a number of other research reports. Canaccord Genuity Group raised their target price on SharkNinja from $82.00 to $90.00 and gave the stock a buy rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. raised their target price on SharkNinja from $97.00 to $128.00 and gave the stock an overweight rating in a research note on Monday. The Goldman Sachs Group increased their price target on SharkNinja from $83.00 to $102.00 and gave the stock a buy rating in a research report on Monday, August 12th. Finally, Bank of America increased their price target on SharkNinja from $100.00 to $110.00 and gave the stock a buy rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $91.28.

SharkNinja Stock Performance

Shares of SN stock opened at $109.05 on Tuesday. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 80.78, a price-to-earnings-growth ratio of 1.55 and a beta of 0.76. 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 fifty day moving average of $93.46 and a 200 day moving average of $78.20. SharkNinja has a 1 year low of $38.69 and a 1 year high of $109.97.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (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 analyst estimates of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The firm’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. As a group, research analysts expect that SharkNinja will post 3.89 earnings per share for the current year.

Institutional Investors Weigh In On SharkNinja

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC acquired a new stake in shares of SharkNinja during the 4th quarter valued at about $37,000. Headlands Technologies LLC purchased a new position in SharkNinja in the 1st quarter valued at about $66,000. Picton Mahoney Asset Management purchased a new position in SharkNinja in the 2nd quarter valued at about $70,000. Kessler Investment Group LLC purchased a new position in SharkNinja in the 2nd quarter valued at about $125,000. Finally, Essex LLC purchased a new position in SharkNinja in the 1st quarter valued at about $204,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.