SharkNinja (NYSE:SN) Upgraded by Wall Street Zen to Buy Rating

Key Points

• SharkNinja has been upgraded to a "buy" rating by Wall Street Zen, indicating a positive outlook from analysts.
• Several research firms have also issued favorable ratings and increased target prices for SharkNinja, with JPMorgan Chase raising its target to $144 and Jefferies Financial Group setting it at $175.
• The company's recent earnings report beat expectations, posting $0.97 EPS and $1.44 billion in revenue, representing a 15.7% year-over-year increase.

SharkNinja (NYSE:SN - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

Several other research firms have also recently commented on SN. Guggenheim restated a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. Oppenheimer lifted their target price 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. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Jefferies Financial Group set a $175.00 price objective on SharkNinja in a research report on Monday, June 30th. Finally, Zacks Research raised SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $131.86.

SharkNinja Trading Down 0.1%

Shares of NYSE:SN opened at $105.92 on Friday. The company has a 50 day moving average of $116.03 and a 200-day moving average of $98.82. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The firm has a market cap of $14.95 billion, a P/E ratio of 28.94, a P/E/G ratio of 2.02 and a beta of 1.68. SharkNinja has a twelve month low of $60.50 and a twelve month high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.SharkNinja's revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, analysts anticipate that SharkNinja will post 4.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Abrams Bison Investments LLC grew its position in SharkNinja by 20.3% in the 2nd quarter. Abrams Bison Investments LLC now owns 1,775,000 shares of the company's stock worth $175,707,000 after purchasing an additional 300,000 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in SharkNinja by 14.2% during the second quarter. Westfield Capital Management Co. LP now owns 1,404,751 shares of the company's stock valued at $139,056,000 after acquiring an additional 174,967 shares during the period. Greenvale Capital LLP raised its holdings in SharkNinja by 26.2% in the 2nd quarter. Greenvale Capital LLP now owns 1,350,000 shares of the company's stock valued at $133,636,000 after acquiring an additional 280,000 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of SharkNinja by 39.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company's stock worth $132,422,000 after acquiring an additional 377,544 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of SharkNinja by 14.7% during the 1st quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company's stock worth $108,914,000 after purchasing an additional 167,757 shares in the last quarter. 34.77% of the stock is owned by 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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