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

Shares of SharkNinja, Inc. (NYSE:SN) have been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $116.39.

Several research firms recently issued reports on SN. Oppenheimer began coverage on SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective for the company. Jefferies Financial Group boosted their price objective on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group raised their target price on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Bank of America boosted their price target on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Morgan Stanley raised their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st.

SharkNinja Trading Up 2.5 %

Shares of SN opened at $100.55 on Friday. SharkNinja has a twelve month low of $45.35 and a twelve month high of $112.93. The stock has a market cap of $14.07 billion, a PE ratio of 39.43, a P/E/G ratio of 1.62 and a beta of 1.04. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $103.78 and its 200-day moving average price is $89.65.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. SharkNinja’s revenue was up 33.3% on a year-over-year basis. On average, equities analysts forecast that SharkNinja will post 3.88 EPS for the current fiscal year.

Institutional Trading of SharkNinja

Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of SharkNinja by 47.5% during the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after purchasing an additional 3,321,684 shares during the period. William Blair Investment Management LLC bought a new position in shares of SharkNinja during the second quarter valued at about $190,482,000. Baillie Gifford & Co. boosted its holdings in shares of SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock worth $198,464,000 after purchasing an additional 1,797,578 shares during the period. Thrivent Financial for Lutherans grew 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 worth $127,450,000 after purchasing an additional 380,926 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in SharkNinja during the 3rd quarter valued at about $114,878,000. 34.77% of the stock is currently owned by hedge funds and other 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, 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.