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

SharkNinja, Inc. (NYSE:SN) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $116.39.

Several research analysts have recently weighed in on the company. Jefferies Financial Group lifted 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. The Goldman Sachs Group boosted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Canaccord Genuity Group upped their price target on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Morgan Stanley raised their price objective on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. reduced their price target on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, November 1st.

SharkNinja Stock Performance

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

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

Institutional Trading of SharkNinja

Several institutional investors have recently made changes to their positions in SN. Signaturefd LLC raised its stake in shares of SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management bought a new position in SharkNinja during the third quarter worth about $54,000. Safe Harbor Fiduciary LLC purchased a new position in shares of SharkNinja in the third quarter worth about $54,000. Waldron Private Wealth LLC bought a new stake in shares of SharkNinja in the third quarter valued at approximately $65,000. Finally, Picton Mahoney Asset Management purchased a new stake in shares of SharkNinja during the 2nd quarter valued at approximately $70,000. Institutional investors own 34.77% of the company’s stock.

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.