SharkNinja, Inc. (NYSE:SN) Receives Average Rating of "Buy" from Brokerages

Key Points

• SharkNinja, Inc. has received an average rating of "Buy" from eight brokerages, with one firm issuing a "strong buy," indicating positive market sentiment towards the company's stock.
• Notable price target increases from several firms include Oppenheimer raising it to $135 and JPMorgan Chase & Co. to $144, reflecting confidence in SharkNinja's growth potential.
• In its latest quarterly earnings report, SharkNinja reported $1.44 billion in revenue, surpassing expectations, and indicated guidance for FY 2025 EPS between 5.000-5.100.

SharkNinja, Inc. (NYSE:SN - Get Free Report) has been assigned an average recommendation of "Buy" from the eight ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $131.8571.

Several brokerages have weighed in on SN. Oppenheimer increased their price target on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Finally, Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th.

SharkNinja Trading Down 0.1%

Shares of SN opened at $105.92 on Friday. The stock has a market capitalization of $14.95 billion, a P/E ratio of 28.94, a PEG ratio of 2.02 and a beta of 1.68. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $116.03 and a two-hundred day simple moving average of $98.82. SharkNinja has a twelve month low of $60.50 and a twelve month high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.19. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, research analysts anticipate that SharkNinja will post 4.52 EPS for the current year.

Institutional Trading of SharkNinja

Institutional investors and hedge funds have recently bought and sold shares of the company. WCM Investment Management LLC increased its stake in SharkNinja by 27.1% during the 1st quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock valued at $18,633,000 after purchasing an additional 47,339 shares in the last quarter. Encompass More Asset Management increased its stake in SharkNinja by 39.3% during the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock valued at $654,000 after purchasing an additional 2,209 shares in the last quarter. GAMMA Investing LLC increased its stake in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after purchasing an additional 155 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in SharkNinja during the 1st quarter valued at about $350,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in SharkNinja by 504.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company's stock valued at $209,000 after purchasing an additional 2,088 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

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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