SharkNinja (NYSE:SN) Shares Gap Down - Time to Sell?

Shares of SharkNinja, Inc. (NYSE:SN - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $88.43, but opened at $77.07. SharkNinja shares last traded at $70.59, with a volume of 996,114 shares.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SN shares. Jefferies Financial Group increased their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective 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 target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price target on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.50.

SharkNinja Stock Performance

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 stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.35 and a beta of 1.65. The firm has a 50-day moving average of $97.95 and a 200-day moving average of $101.26.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. As a group, sell-side analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Institutional Trading of SharkNinja

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of SharkNinja by 14,737.7% during the 1st quarter. GAMMA Investing LLC now owns 29,527 shares of the company's stock worth $2,463,000 after acquiring an additional 29,328 shares in the last quarter. Wellington Management Group LLP boosted its position in SharkNinja by 47.1% during the fourth 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in SharkNinja in the fourth quarter valued at approximately $9,359,000. Employees Retirement System of Texas lifted its position in shares of SharkNinja by 44.0% during the 4th quarter. Employees Retirement System of Texas now owns 17,293 shares of the company's stock valued at $1,684,000 after buying an additional 5,284 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its stake in SharkNinja by 0.8% in 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 period. Institutional investors and hedge funds 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.