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

SharkNinja, Inc. (NYSE:SN) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $122.50.

SN has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley increased their price objective on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Canaccord Genuity Group boosted their target price on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group upped their price target on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its position in SharkNinja by 47.1% during the 4th quarter. Wellington Management Group LLP now owns 549,768 shares of the company’s stock worth $53,525,000 after purchasing an additional 175,978 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of SharkNinja during the fourth quarter worth about $9,359,000. Employees Retirement System of Texas increased its position in SharkNinja by 44.0% in the 4th quarter. Employees Retirement System of Texas now owns 17,293 shares of the company’s stock valued at $1,684,000 after acquiring an additional 5,284 shares during the period. Azzad Asset Management Inc. ADV raised its stake in SharkNinja by 0.8% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company’s stock valued at $3,685,000 after acquiring an additional 296 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in SharkNinja during the 4th quarter worth approximately $924,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

SN stock opened at $70.09 on Friday. The business’s 50-day moving average is $98.77 and its two-hundred day moving average is $101.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a market capitalization of $9.81 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.35 and a beta of 1.24. SharkNinja has a 1 year low of $60.50 and a 1 year high of $123.00.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. Analysts anticipate that SharkNinja will post 4.52 earnings per share for the current fiscal year.

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.