SharkNinja (NYSE:SN) Stock Price Down 3.7% - Here's Why

Key Points

• SharkNinja's stock price fell by 3.7% to $94.42, with a notable decline in trading volume at 436,105 shares, down 73% from the average.
• Analysts generally maintain a positive outlook on SharkNinja, with a consensus rating of "Buy" and a price target averaging $130.71.
• SharkNinja reported earnings above expectations, with a quarterly EPS of $0.97, exceeding the consensus estimate by $0.19 and reflecting a year-over-year revenue growth of 15.7% to $1.44 billion.

SharkNinja, Inc. (NYSE:SN - Get Free Report) shares dropped 3.7% on Monday . The company traded as low as $94.08 and last traded at $94.42. Approximately 436,105 shares changed hands during trading, a decline of 73% from the average daily volume of 1,612,171 shares. The stock had previously closed at $98.09.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SN. 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 reaffirmed a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. Zacks Research raised shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lowered their price objective on SharkNinja from $142.00 to $136.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, SharkNinja has a consensus rating of "Buy" and a consensus price target of $130.71.

SharkNinja Stock Down 3.8%

The firm has a market capitalization of $13.32 billion, a PE ratio of 25.79, a PEG ratio of 1.86 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94. The company has a fifty day moving average price of $114.39 and a 200-day moving average price of $99.41.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.19. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $0.71 EPS. The company's revenue for the quarter was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Institutional Trading of SharkNinja

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SN. GAMMA Investing LLC boosted its position in shares of SharkNinja by 14,737.7% during the first quarter. GAMMA Investing LLC now owns 29,527 shares of the company's stock valued at $2,463,000 after buying an additional 29,328 shares during the period. SG Americas Securities LLC boosted its holdings in SharkNinja by 270.4% during the 1st quarter. SG Americas Securities LLC now owns 6,489 shares of the company's stock valued at $541,000 after acquiring an additional 4,737 shares during the period. Handelsbanken Fonder AB grew its position in SharkNinja by 33.6% in the 1st quarter. Handelsbanken Fonder AB now owns 17,100 shares of the company's stock valued at $1,426,000 after acquiring an additional 4,300 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of SharkNinja by 28.6% during the first quarter. Azzad Asset Management Inc. ADV now owns 48,674 shares of the company's stock worth $4,060,000 after purchasing an additional 10,822 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of SharkNinja by 10.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,053 shares of the company's stock valued at $1,005,000 after purchasing an additional 1,100 shares during the period. 34.77% of the stock is owned by hedge funds and other 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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