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

Shares of SharkNinja, Inc. (NYSE:SN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $116.72.

Several analysts have weighed in on the company. Canaccord Genuity Group boosted their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. The Goldman Sachs Group cut their price objective on shares of SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group upped their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley raised their price target on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th.

SharkNinja Price Performance

SN opened at $81.39 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The stock has a market capitalization of $11.42 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The company's 50 day simple moving average is $84.85 and its 200-day simple moving average is $97.28. SharkNinja has a one year low of $60.50 and a one year high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. Sell-side analysts anticipate that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SharkNinja

A number of hedge funds have recently modified their holdings of SN. FMR LLC raised its holdings in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after buying an additional 6,160,226 shares during the period. HighTower Advisors LLC increased its position in shares of SharkNinja by 42.9% during the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after acquiring an additional 2,155,136 shares in the last quarter. Norges Bank acquired a new stake in shares of SharkNinja during the fourth quarter worth $100,845,000. Palestra Capital Management LLC lifted its position in SharkNinja by 83.4% in the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock valued at $173,377,000 after acquiring an additional 809,960 shares in the last quarter. Finally, Greenvale Capital LLP acquired a new position in SharkNinja in the 4th quarter worth $73,020,000. Institutional investors and hedge funds own 34.77% of the company's stock.

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.

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