SharkNinja (NYSE:SN) Sets New 12-Month Low - What's Next?

SharkNinja, Inc. (NYSE:SN - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $60.50 and last traded at $71.21, with a volume of 1409739 shares traded. The stock had previously closed at $69.49.

Wall Street Analyst Weigh In

SN has been the subject of a number of research analyst reports. Jefferies Financial Group boosted 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. Morgan Stanley lifted their price target on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $122.50.

SharkNinja Trading Up 20.4 %

The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $96.10 and a 200 day moving average of $100.72. The company has a market cap of $11.09 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS 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 analysts' expectations of $1.61 billion. On average, analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC lifted its position in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares during the period. HighTower Advisors LLC increased its position in shares of SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after purchasing an additional 2,155,136 shares during the last quarter. Norges Bank purchased a new position in shares of SharkNinja in the fourth quarter worth approximately $100,845,000. Palestra Capital Management LLC increased its position in SharkNinja by 83.4% in the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after buying an additional 809,960 shares in the last quarter. Finally, Greenvale Capital LLP bought a new stake in shares of SharkNinja during the 4th quarter valued at $73,020,000. Institutional investors own 34.77% of the company's stock.

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.