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

Key Points

• SharkNinja (NYSE:SN) has been upgraded by Wall Street Zen from a "hold" to a "buy" rating, indicating increased confidence in the stock's performance.
• Canaccord Genuity raised its price target for SharkNinja shares from $127 to $136, while other analysts like JPMorgan Chase and Oppenheimer adjusted their targets, reflecting varied market sentiments.
• SharkNinja reported a strong quarterly performance, posting a net revenue of $1.44 billion and an EPS of $0.97, exceeding analysts' expectations and showing a 15.7% increase in year-over-year revenue.

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 on Saturday.

SN has been the topic of several other reports. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. cut their price target on shares of SharkNinja from $136.00 to $131.00 and set an "overweight" rating on the stock in a research report on Friday, October 10th. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Oppenheimer cut their price target on shares of SharkNinja from $135.00 to $112.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research report on Monday, June 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, SharkNinja has a consensus rating of "Moderate Buy" and a consensus price target of $126.71.

SharkNinja Trading Down 0.2%

Shares of NYSE:SN opened at $96.63 on Friday. SharkNinja has a 12 month low of $60.50 and a 12 month high of $128.51. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The company's fifty day simple moving average is $107.13 and its 200 day simple moving average is $100.30. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 1.84 and a beta of 1.56.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $0.71 earnings per share. The firm's quarterly revenue 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, research analysts forecast that SharkNinja will post 4.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SN. Geneos Wealth Management Inc. acquired a new position in shares of SharkNinja during the 3rd quarter worth about $29,000. GAMMA Investing LLC increased its stake in shares of SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after purchasing an additional 406 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of SharkNinja during the 1st quarter worth about $36,000. Finally, New York State Teachers Retirement System acquired a new position in shares of SharkNinja during the 2nd quarter worth about $43,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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