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

Key Points

• SharkNinja, Inc. has received an average rating of "Moderate Buy" from nine research firms, with three analysts rating it as a hold and six as a buy.
• The average 12-month target price for SharkNinja's stock is $126.71, despite recent price target adjustments from various analysts.
• SharkNinja reported earnings of $0.97 per share for the latest quarter, exceeding estimates and showing a 15.7% revenue increase year-over-year.

Shares of SharkNinja, Inc. (NYSE:SN - Get Free Report) have earned an average rating of "Moderate Buy" from the nine research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $126.7143.

Several research analysts recently weighed in on the company. Oppenheimer reduced their price target on SharkNinja from $135.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday. Weiss Ratings cut SharkNinja from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Zacks Research cut SharkNinja from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 7th. Canaccord Genuity Group lifted their price target on SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. dropped their price objective on SharkNinja from $136.00 to $131.00 and set an "overweight" rating on the stock in a report on Friday, October 10th.

Institutional Trading of SharkNinja

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after purchasing an additional 155 shares during the period. Harbour Investments Inc. grew its holdings in SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after purchasing an additional 406 shares during the period. SVB Wealth LLC acquired a new stake in SharkNinja in the first quarter valued at approximately $36,000. New York State Teachers Retirement System acquired a new stake in SharkNinja in the second quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its holdings in SharkNinja by 2,071.9% in the second quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company's stock valued at $69,000 after purchasing an additional 663 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Up 0.6%

Shares of SN stock opened at $93.38 on Wednesday. The stock has a 50 day moving average of $108.63 and a 200 day moving average of $99.96. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The stock has a market cap of $13.18 billion, a P/E ratio of 25.51, a P/E/G ratio of 1.77 and a beta of 1.56. 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 company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.SharkNinja's quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, sell-side analysts expect that SharkNinja will post 4.52 EPS for the current year.

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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