SharkNinja, Inc. (NYSE:SN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of SharkNinja, Inc. (NYSE:SN) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $117.28.

Several equities analysts have weighed in on the company. Jefferies Financial Group raised their price target on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Oppenheimer initiated coverage on SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target for the company. Canaccord Genuity Group boosted their price target on SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. 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 report on Monday, October 21st. Finally, Guggenheim boosted their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th.

SharkNinja Stock Up 0.7 %

SharkNinja stock opened at $109.61 on Monday. SharkNinja has a twelve month low of $45.85 and a twelve month high of $112.93. The stock has a 50 day moving average of $100.45 and a two-hundred day moving average of $95.51. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 1.54 and a beta of 1.10.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. As a group, research analysts expect that SharkNinja will post 3.89 earnings per share for the current year.

Hedge Funds Weigh In On SharkNinja

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its stake in SharkNinja by 17.8% during the 3rd quarter. State Street Corp now owns 667,003 shares of the company’s stock valued at $72,510,000 after purchasing an additional 101,020 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of SharkNinja by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company’s stock worth $2,109,000 after acquiring an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of SharkNinja during the 3rd quarter worth $5,832,000. abrdn plc boosted its stake in shares of SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company’s stock worth $45,621,000 after acquiring an additional 63,299 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of SharkNinja in the third quarter valued at $11,942,000. 34.77% of the stock is owned by 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.