SharkNinja (NYSE:SN) Stock Rating Lowered by Wall Street Zen

Key Points

• SharkNinja's stock rating has been downgraded by Wall Street Zen from "buy" to "hold," reflecting a cautious outlook among analysts.
• Several analysts have provided mixed ratings, with Oppenheimer increasing their price target from $120.00 to $135.00 while JPMorgan's target decreased from $136.00 to $131.00.
• SharkNinja reported strong quarterly earnings, with an EPS of $0.97, exceeding estimates and showing a 15.7% increase in revenue compared to the previous year.

SharkNinja (NYSE:SN - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other analysts have also recently issued reports on the stock. Oppenheimer increased their price objective on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. reduced their price objective on shares of SharkNinja from $136.00 to $131.00 and set an "overweight" rating for the company in a research note on Friday. Weiss Ratings lowered shares of SharkNinja from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Zacks Research lowered shares of SharkNinja from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Finally, Guggenheim restated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $130.00.

SharkNinja Stock Performance

Shares of NYSE SN opened at $88.45 on Friday. The firm has a fifty day moving average price of $111.82 and a 200-day moving average price of $99.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. The stock has a market cap of $12.48 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.56. SharkNinja has a 1 year low of $60.50 and a 1 year high of $128.51.

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

Hedge Funds Weigh In On SharkNinja

A number of institutional investors and hedge funds have recently made changes to their positions in SN. Norges Bank purchased a new position in shares of SharkNinja in the 2nd quarter worth $81,983,000. Third Point LLC grew its stake in shares of SharkNinja by 118.2% in the 2nd quarter. Third Point LLC now owns 1,200,000 shares of the company's stock worth $118,788,000 after buying an additional 650,000 shares in the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in shares of SharkNinja in the 2nd quarter worth $46,048,000. Voss Capital LP grew its stake in shares of SharkNinja by 238.6% in the 2nd quarter. Voss Capital LP now owns 575,626 shares of the company's stock worth $56,981,000 after buying an additional 405,626 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in shares of SharkNinja by 79.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 900,661 shares of the company's stock worth $89,156,000 after buying an additional 399,043 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.