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

SharkNinja, Inc. (NYSE:SN - Get Free Report) has been given an average rating of "Moderate Buy" by the eight ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $129.1250.

Several research analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Morgan Stanley boosted their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th.

SharkNinja Stock Up 1.1%

SN stock opened at $115.37 on Friday. SharkNinja has a 52-week low of $60.50 and a 52-week high of $128.51. The company's 50 day simple moving average is $103.02 and its 200-day simple moving average is $96.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. The firm has a market capitalization of $16.27 billion, a P/E ratio of 36.51, a P/E/G ratio of 2.20 and a beta of 1.69.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.19. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm's revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts anticipate that SharkNinja will post 4.52 EPS for the current year.

Hedge Funds Weigh In On SharkNinja

Hedge funds have recently made changes to their positions in the business. Palestra Capital Management LLC increased its position in shares of SharkNinja by 83.4% during the 4th quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after purchasing an additional 809,960 shares in the last quarter. Greenvale Capital LLP acquired a new stake in shares of SharkNinja during the 4th quarter worth about $73,020,000. Third Point LLC acquired a new stake in shares of SharkNinja during the 1st quarter worth about $45,876,000. Cooper Creek Partners Management LLC increased its position in shares of SharkNinja by 90.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 829,454 shares of the company's stock worth $80,756,000 after purchasing an additional 393,369 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of SharkNinja during the 4th quarter worth about $37,187,000. 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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