SharkNinja, Inc. (NYSE:SN) Given Average Recommendation of "Moderate Buy" by Brokerages

SharkNinja, Inc. (NYSE:SN - Get Free Report) has been given an average rating of "Moderate Buy" by the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $122.50.

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday. The Goldman Sachs Group boosted their price target on SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. upped their price target on SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Canaccord Genuity Group raised their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday. Finally, Morgan Stanley upped their target price on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday.

Hedge Funds Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company's stock worth $72,510,000 after acquiring an additional 101,020 shares during the period. Tidal Investments LLC raised its stake in shares of SharkNinja by 38.7% in the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after purchasing an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in SharkNinja in the third quarter worth $5,832,000. abrdn plc boosted its stake in SharkNinja by 17.8% during the third quarter. abrdn plc now owns 419,660 shares of the company's stock worth $45,621,000 after buying an additional 63,299 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in SharkNinja in the 3rd quarter valued at $11,942,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 3.6 %

Shares of SN traded down $4.12 during midday trading on Friday, reaching $110.32. 1,578,203 shares of the stock were exchanged, compared to its average volume of 879,238. The company has a market cap of $15.44 billion, a price-to-earnings ratio of 43.26, a P/E/G ratio of 1.74 and a beta of 1.13. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. SharkNinja has a 12-month low of $49.86 and a 12-month high of $123.00. The firm has a 50 day simple moving average of $105.08 and a 200-day simple moving average of $101.26.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. Research analysts forecast that SharkNinja will post 3.91 EPS for the current 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.