SharkNinja (NYSE:SN) Stock Price Down 3.6% - Should You Sell?

SharkNinja, Inc. (NYSE:SN - Get Free Report)'s stock price fell 3.6% during mid-day trading on Friday . The stock traded as low as $96.33 and last traded at $96.85. 750,170 shares were traded during trading, a decline of 38% from the average session volume of 1,214,876 shares. The stock had previously closed at $100.44.

Analyst Ratings Changes

A number of research firms have weighed in on SN. JPMorgan Chase & Co. decreased their price objective on SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Oppenheimer initiated coverage on SharkNinja in a research note on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price target for the company. Morgan Stanley boosted their target price on shares of SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group lifted their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.85.

SharkNinja Stock Performance

The stock has a market capitalization of $13.87 billion, a price-to-earnings ratio of 39.37, a P/E/G ratio of 1.63 and a beta of 1.04. The company's fifty day simple moving average is $104.40 and its 200 day simple moving average is $88.25. 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 (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.17. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. SharkNinja's revenue was up 33.3% compared to the same quarter last year. During the same period last year, the firm posted $0.95 earnings per share. On average, equities research analysts expect that SharkNinja, Inc. will post 3.88 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Signaturefd LLC boosted its position in shares of SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new position in SharkNinja in the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of SharkNinja in the 3rd quarter worth $54,000. Waldron Private Wealth LLC bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $65,000. Finally, Picton Mahoney Asset Management purchased a new position in SharkNinja in the second quarter valued at about $70,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

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