SharkNinja, Inc. (NYSE:SN) Given Average Rating of "Moderate Buy" by Brokerages

Shares of SharkNinja, Inc. (NYSE:SN - Get Free Report) have been given an average rating of "Moderate Buy" by the eight ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $121.50.

Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Jefferies Financial Group set a $175.00 target price on SharkNinja in a report on Monday, June 30th. Guggenheim dropped their price target on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group lifted their price objective on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Oppenheimer upped their target price on SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $111.15 on Monday. The stock has a market capitalization of $15.68 billion, a P/E ratio of 35.17, a PEG ratio of 2.14 and a beta of 1.66. The business has a 50 day simple moving average of $94.99 and a two-hundred day simple moving average of $94.71. SharkNinja has a 12 month low of $60.50 and a 12 month high of $123.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $1.06 EPS. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts predict that SharkNinja will post 4.52 EPS for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. purchased a new stake in shares of SharkNinja in the 2nd quarter valued at approximately $858,000. Wealth Enhancement Advisory Services LLC purchased a new stake in SharkNinja in the second quarter valued at approximately $231,000. NBC Securities Inc. lifted its stake in SharkNinja by 56.4% during the second quarter. NBC Securities Inc. now owns 15,996 shares of the company's stock worth $1,583,000 after purchasing an additional 5,770 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of SharkNinja by 20.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 21,913 shares of the company's stock worth $2,169,000 after buying an additional 3,759 shares during the period. Finally, Voya Investment Management LLC grew its stake in shares of SharkNinja by 1,744.6% in the first quarter. Voya Investment Management LLC now owns 242,893 shares of the company's stock valued at $20,260,000 after buying an additional 229,725 shares in the last quarter. 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.

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