SharkNinja (NYSE:SN) Stock Price Up 4.9% - Still a Buy?

SharkNinja, Inc. (NYSE:SN - Get Free Report) shares were up 4.9% during mid-day trading on Wednesday . The stock traded as high as $89.11 and last traded at $89.88. Approximately 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.

Analysts Set New Price Targets

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

SharkNinja Price Performance

The company has a market cap of $12.69 billion, a PE ratio of 28.43, a price-to-earnings-growth ratio of 1.68 and a beta of 1.70. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36. The firm has a 50 day simple moving average of $86.64 and a 200-day simple moving average of $94.62.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.73 by $0.14. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. SharkNinja's revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $1.06 EPS. As a group, research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

Several institutional investors and hedge funds have recently modified their holdings of SN. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 155 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after acquiring an additional 406 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of SharkNinja during the 1st quarter worth $36,000. Quarry LP acquired a new position in shares of SharkNinja during the 4th quarter valued at about $47,000. Finally, Continuum Advisory LLC increased its holdings in shares of SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock worth $54,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

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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