SharkNinja, Inc. (NYSE:SN) Short Interest Update

SharkNinja, Inc. (NYSE:SN - Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 2,730,000 shares, a decrease of 38.0% from the September 15th total of 4,400,000 shares. Currently, 4.4% of the shares of the stock are sold short. Based on an average trading volume of 1,270,000 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SN shares. The Goldman Sachs Group raised their target price on SharkNinja from $83.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their price objective on SharkNinja from $97.00 to $128.00 and gave the company an "overweight" rating in a research report on Monday, September 30th. Bank of America increased their target price on SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Guggenheim boosted their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, October 7th. Finally, Oppenheimer began coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price objective on the stock. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $97.94.

Hedge Funds Weigh In On SharkNinja

Institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in SharkNinja in the 1st quarter valued at about $66,000. Picton Mahoney Asset Management acquired a new position in SharkNinja in the second quarter valued at approximately $70,000. Kessler Investment Group LLC purchased a new position in SharkNinja in the second quarter worth approximately $125,000. Essex LLC acquired a new stake in SharkNinja during the first quarter worth $204,000. Finally, Magnetar Financial LLC purchased a new stake in SharkNinja in the second quarter valued at $233,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Price Performance

Shares of SharkNinja stock traded down $0.90 during trading hours on Friday, reaching $107.30. 1,362,893 shares of the company's stock were exchanged, compared to its average volume of 1,115,681. The business has a fifty day moving average of $97.40 and a two-hundred day moving average of $80.39. The company has a market capitalization of $15.02 billion, a P/E ratio of 79.48, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46. SharkNinja has a 1 year low of $38.69 and a 1 year high of $110.96.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.46 EPS. SharkNinja's revenue was up 31.4% compared to the same quarter last year. As a group, research analysts predict 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.