SharkNinja (NYSE:SN) Stock Price Up 4.9% - Should You Buy?

SharkNinja, Inc. (NYSE:SN - Get Free Report) rose 4.9% during trading on Wednesday . The stock traded as high as $89.11 and last traded at $89.88. 204,989 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,498,274 shares. The stock had previously closed at $85.69.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SN shares. Morgan Stanley boosted their target price on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Guggenheim lowered their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group raised their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Oppenheimer lifted their target price on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. dropped their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Stock Performance

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 cap of $12.80 billion, a PE ratio of 28.71, a PEG ratio of 1.72 and a beta of 1.70. The business has a 50-day simple moving average of $87.52 and a 200 day simple moving average of $94.47.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.14. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The firm's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.06 EPS. Equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SN. Voya Investment Management LLC increased its stake in SharkNinja by 1,744.6% in the 1st quarter. Voya Investment Management LLC now owns 242,893 shares of the company's stock worth $20,260,000 after buying an additional 229,725 shares in the last quarter. Strs Ohio purchased a new stake in shares of SharkNinja during the first quarter worth about $1,040,000. Acadian Asset Management LLC purchased a new stake in shares of SharkNinja during the first quarter worth about $656,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of SharkNinja by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company's stock worth $4,238,000 after purchasing an additional 3,632 shares in the last quarter. Finally, First Dallas Securities Inc. lifted its holdings in SharkNinja by 2.7% in the 1st quarter. First Dallas Securities Inc. now owns 23,905 shares of the company's stock worth $1,994,000 after purchasing an additional 630 shares in the last quarter. Institutional investors 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.