SharkNinja (NYSE:SN) Shares Gap Down – Here’s What Happened

SharkNinja, Inc. (NYSE:SN)’s stock price 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 changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group boosted their target price 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. Jefferies Financial Group lifted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Morgan Stanley upped their price objective 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. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $9.81 billion, a PE ratio of 22.54, a P/E/G ratio of 2.35 and a beta of 1.24. The firm’s 50-day moving average price is $98.77 and its two-hundred day moving average price is $101.55.

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

Hedge Funds Weigh In On SharkNinja

Several hedge funds have recently bought and sold shares of the business. Stifel Financial Corp raised its holdings in SharkNinja by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after acquiring an additional 100 shares during the period. Voya Investment Management LLC raised its holdings in SharkNinja by 1.2% in the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company’s stock valued at $1,282,000 after acquiring an additional 154 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in SharkNinja by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company’s stock worth $2,833,000 after purchasing an additional 180 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of SharkNinja by 5.4% during the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company’s stock worth $413,000 after acquiring an additional 219 shares during the period. Finally, Zacks Investment Management boosted its holdings in SharkNinja by 1.6% during the fourth quarter. Zacks Investment Management now owns 15,879 shares of the company’s stock valued at $1,546,000 after purchasing an additional 257 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

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.